The Boston Red Sox have hired John Farrell as their next manager, a source confirmed to ESPNBoston.com's Joe McDonald on Saturday night.

The sides agreed to a multiyear deal, the source told McDonald.

Farrell, the Red Sox's former pitching coach, had one year remaining on his contract as manager of the Toronto Blue Jays.

As compensation, the Red Sox will send veteran infielder Mike Aviles to Toronto, a source told ESPNBoston.com's Gordon Edes. The source also said that the Blue Jays will send a player back to the Red Sox.

Sean McAdam of CSNNE.com first reported the move.

Click HERE to read more.