Exercised (and restructured) the 2006 Option of 3B Aaron Boone; Added a 2007 Mutual Option
I guess you could call this an extension, although Boone probably would have reached the plate appearance threshold where the option would have vested anyway. No dollars have been released, but Mark Shapiro said that Boone gave back a bit for 2006, and the Indians added the mutual option for 2007. Not really an earth-shattering move, but the Indians save some money next season.
If you believe that Boone's level of play is closer to what he's done in June and July than in April and May, then Boone's probably worth the option. If you think he's the player that hit at or under the Mendoza line the first two months of the season, then he isn't. I think the future level of production lies somewhere between the two extremes, probably he's good for a .260/.320/.430 line next year. Baseball Prospectus' PECOTA player projection system pegged Boone's 50 percentile forecast at .263/.322/.429. His defense has been pretty good, probably better than I expected it to be.