The Red Sox are expected to exercise the $4 million option on the contract of pitcher Tim Wakefield shortly after the World Series. Wakefield hopes to have back surgery at some point this week, which will require 4-6 weeks of rehabilitation time. Boston has a $4 million option on Wakefield in perpetuity. RealGM Note: Wakefield was ranked 211th in season FIC and 'deserved' to make $4M, giving him a Reina Value of +0%.