Offer is for 2 years with option

With Red Sox Nation still basking in the glow of the team's first world championship in 86 years, the front office has gone to work on the team's multitude of free agents, starting with Pedro Martinez.

The Red Sox have offered Martinez a two-year, $25.5 million contract with a $13 million option for 2007 and $2 million in potential performance bonuses, The Boston Globe reported. The package is similar to the one Curt Schilling signed last November.

Martinez, a three-time Cy Young award winner, will likely receive more lucrative offers once he hits the free agent market Nov. 11.

If the negotiations drag on, the Red Sox may look at alternative options such as Minnesota's Brad Radke or Florida's Carl Pavano. Pavano is a former Sox farmhand who was traded to Montreal in a deal for Martinez.

Martinez joins more than a dozen members of the World Series champions headed for the free-agent market, including pitcher Derek Lowe, catcher Jason Varitek and shortstop Orlando Cabrera.

Martinez went 16-9 with a career-high 3.90 ERA this season. The 33-year-old right-hander is 182-76 with a 2.71 ERA in his 13-year career. He also pitched for Los Angeles and Montreal.