Mike Lowell and the Boston Red Sox agreed to a three-year, $37.5 million deal Monday, ESPN The Magazine's Buster Olney reports. Both sides have been in intense negotiations all Monday. According to ESPN's Peter Gammons, both the Phillies and Dodgers were apparently willing to go to four years, but Lowell wants to remain in Boston. In the three weeks since winning their second championship in four seasons, the Red Sox have re-signed their two biggest free agents, Lowell and pitcher Curt Schilling, and picked up options on Tim Wakefield and Julian Tavarez. "How cool is that?" Red Sox pitcher Schilling posted on his blog. "Leaving years and dollars on the table to come back here for three more years, good stuff. Pretty nice to think you are fans in a town that is now a desired destination for athletes across the major sports. Come a long way for sure."