Buried beneath the hysteria that surrounds Josh Hamilton joining the Angels is this: the Boston Red Sox have an agreement in place with Ryan Dempster on a two-year, $26.5 million deal, according to Ken Rosenthal. The deal is pending a physical, of course.

So $13.25 million AAV for an upgrade addition to a pitching staff that lost its way last season is very reasonable. Dempster shouldn’t have too much trouble replacing the three win pitcher that Josh Beckett has become. The 35-year old reportedly turned down a two-year $25 million offer from the same Red Sox last week, also spurning a reported $26 million (source), two-year offer from the Kansas City Royals.

Clearly, half a million bucks has significant swaying power, or Dempster just thinks Kansas City wasn’t the best fit for his glove waggle. Call it the Red Sox gain. Dempster at that price is a good value move.

#Demopster spent eight+ seasons with the Chicago Cubs, pitching in the closer’s role before joining the rotation on a permanent basis. He was shipped to the Texas Rangers late last season in exchange for infielder Christian Villanueva and pitcher Kyle Hendricks. Dempster finished 2012 with a 12-8 record, 3.38 ERA, 3.69 FIP, 3.77 xFIP, and 153 strikeouts in 173 innings of work.