Nick Cafardo's Extra Bases blog is reporting that the Red Sox couldn't come to a deal with Mike Lowell.
My guess as to how this will pan out? Mike Lowell will get his desired 4th year and probably more money to play for the Yankees. Then he'll revert closer to his career numbers without the Green Monster helping out his average and his numbers will get lower as he ages, like most of the Yankees that have been picked up coming off of their primes. I think the Sox will then be able to open up the purse strings to sign Alex Rodriguez without getting severe backlash from the Fenway Faithful for not resigning Mike Lowell.