Papelbon & Ellsbury keep their red socks.

Apparently it only takes $12M to keep one of the most colorful pitchers in baseball on your roster. The Boston Red Sox signed a one year deal with pitcher Jonathan Papelbon, who is somewhat famous for letting his dog eat the ball that brought home the 2007 World Series win for the Sox. He can now be famous for receiving the highest paying one year contract for an arbitration eligible pitcher, and the fourth highest overall. While Papelbon had his crappiest season yet at Fenway, word has it that he has been throwing balls around in dog parks, and is looking to bring a stronger arm to the 2011 season.

Center fielder Jacoby Ellsbury also signed a one year deal, but he goes for a lot less at a mere $2.4M. That and he hasn't done anything stupid enough for me to make a joke about yet.