Alex Bregman and the Boston Red Sox have agreed to a $120 million, three-year contract, a person familiar with the deal told reporters on Wednesday night.

The person spoke on condition of anonymity, because the agreement was subject to a successful physical.

As per the deal, Bregman can opt out after the 2026 and 2027 seasons to become a free agent again. He might need to shift from third base to second when he arrives at Fenway Park, as the Red Sox already have All-Star slugger Rafael Devers on the hot corner.

A two-time All-Star and two-time World Series champion during nine years with Houston, the 30-year-old Bregman is coming off one of his poorest offensive seasons. He hit.260 with 26 homers and 75 RBIs in the final season of a $100 million, five-year contract, also winning his first Gold Glove.

Bregman has 19 postseason home runs, tied for sixth in major league history. He was selected by Houston with the second overall pick in the 2015 amateur draft, made his big league debut a year later and hit.284 with 19 homers, 71 RBIs and 17 stolen bases in 2017.

He had four homers and 10 RBIs in the postseason, when the Astros won their first World Series title, a championship marred by a Major League Baseball investigation that revealed the team used banned electronics to steal opponents' signs.

Bregman had RBIs in his first five World Series games, homering off Clayton Kershaw in the opener and Kenley Jansen in Game 4, and hitting a walk-off 10th-inning single against Jansen in Game 5.

Bregman was fifth in AL MVP voting in 2018 and second to Mike Trout in 2019, Bregman's two most productive years at the plate. He batted .286 with 31 homers, 103 RBIs and a major league-leading 51 doubles in 2018, then set career highs the following season with a .296 average, 41 homers, 112 RBIs and a major league-leading 119 walks.

He walked just 44 times this year with a 23.6 percent chase rate, his highest since 2017.

Bregman has a .272 average with 191 homers and 663 RBIs in nine big league seasons.

Because he turned down a $21.05 million qualifying offer from the Astros, they will receive an extra pick after the fourth round of the amateur draft in July. Houston forfeited its second- and fifth-highest selections to sign Christian Walker. Boston will lose its second-highest pick for signing Bregman and forfeit $500,000 of its international signing bonus pool allocation.

Meanwhile, Pete Alonso and the New York Mets finalized their $54 million, two-year deal on Wednesday.

Alonso and the Mets agreed to financial terms last week. The four-time All-Star first baseman gets a $10 million signing bonus and salaries of $20 million this year and $24 million in 2026. He can opt out after the 2025 season to become a free agent again.

The Mets also re-signed injured reliever Drew Smith to a one-year deal, with a club option for 2026.Smith is expected to miss all or most of the upcoming season as he recovers from his second Tommy John surgery, but the right-hander should be ready for 2026.

Agencies Via Xinhua