Ortiz accepts arbitration from Red Sox - Peter Abraham

http://articles.boston.com/2011-12-07/sports/30486588_1_david-ortiz-red-sox-arbitration-panel

Given that Ortiz made $12.5 million in 2011 and posted a .309/.398 /.554 season, he would be due at least $14 million for 2012.
It is not a perfect solution for either side. Ortiz preferred the security of a multi-year contract while the Red Sox wanted to bring him back at a smaller salary.
But the overriding issue was that Ortiz wanted to return and the Red Sox wanted him back for a 10th season.
The Red Sox have spent recent days trying to hammer out a two-year deal with Ortiz. But the slugger sought $25 million over two seasons and the team’s offer was significantly short of that, according to sources involved in the process.
Negotiations can continue in the weeks ahead, although indications were tonight that Ortiz is content with a one-year contract at a significant raise. If the sides cannot agree on a salary, an arbitration panel would decide the matter in February.