Curt Schilling and the Boston Red Sox have reached an agreement on a one-year deal worth about $8 million in base salary and millions more in potential incentives, ESPN The Magazine's Buster Olney reports. The agreement is pending Schilling, 40, passing a physical exam. The deal contains $3 million in performance bonuses based on innings pitched and $2 million based on weight clauses, a person familiar with the negotiations said Tuesday, speaking to The Associated Press on condition of anonymity because the team had not yet made an announcement. On his Web site, 38pitches.com, Schilling gave an update Monday on the negotiations. "Talks with the Red Sox are moving," he wrote. "[Red Sox general manager Theo Epstein] and I have spoken multiple times daily over the past week and given the current situation I am feeling very confident that we will be able to finalize a 1 year contract to allow us a chance to finish our career as members of the Red Sox organization.