The Red Sox have decided to gamble on Shane Victorino bouncing back from his worst offensive season. The club reportedly signed the free agent outfielder to a three-year, $39 million deal.

Alex Speier of WEEI confirmed the deal, which was reported by Nick Cafardo of the Boston Globe earlier.

It is expected that Victorino will play in right field for the Red Sox, with Jacoby Ellsbury in center and Jonny Gomes currently slated to play left. Victorino struggled with the Phillies last season, struggled more when he was traded to the Dodgers, but sees himself collecting a nice $3.5 million annual raise compared to his $9.5 million salary from 2012. That’s nice haul considering the substantial drop off he endured last season from his 5.9 fWAR performance from 2011.

Knee-jerk reaction suggests that this is an overpay by the Red Sox which, while probably true, could be softened if Victorino can reap the offensive benefits from the move to Fenway Park. Still, that’s a lot of money for a guy entering his age 32 season and showing some obvious signs of decline.

With Victorino and B.J. Upton signed, the center fielder market now belongs to Michael Bourn.