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From:ESPN
The Boston Red Sox have hired John Farrell as their next manager, a source confirmed to ESPNBoston.com's Joe McDonald on Saturday night.
The sides agreed to a multiyear deal, the source told McDonald. An official announcement is expected later Saturday night.
Farrell, the Red Sox' former pitching coach, had one year remaining on his contract as manager of the Toronto Blue Jays. There was no word on the compensation the Red Sox gave to the Blue Jays to obtain Farrell.
One source earlier this week guessed it would take a player or players of "substantial value," though he did not have direct knowledge of the secretive negotiations between the teams, which began earlier this week.
The Red Sox formally interviewed four candidates -- Los Angeles Dodgers third-base coach Tim Wallach, New York Yankees bench coach Tony Pena, San Diego Padres special assistant Brad Ausmus and Baltimore Orioles third-base coach DeMarlo Hale -- to replace Bobby Valentine, but Farrell had been "at the top of their list" from the start, a team source told ESPNBoston.com earlier this month.
Farrell served as the Red Sox's pitching coach from 2007 through 2010.
The Red Sox attempted to acquire Farrell a year ago, but they weren't willing to bow to Toronto's asking price of what was rumored to be pitchers Clay Buchholz and/or Daniel Bard.
The Red Sox eventually hired Valentine, then fired him the day after finishing their worst season (69-93) in more than four decades.