Per Robothal: one-year, $7 million deal with a $6.5 million option for 2011 that vests if Wagner finishes 50 games in 2010. Yikes.

The Braves' first-round pick is not protected, as they finished with the 12th-best record last season. The Red Sox extended an arbitration offer to Wagner earlier today, so the Braves will cough up that first round pick as a result (it could become a second-round pick, or later, if the Braves sign a higher-ranked Type-A free agent in addition to Wagner).

(h/t The 'Ropolitans)