Well I just got back from the Boston Common Theater after watching No Country For Old Men (amazing by the way) and was getting settled into watching the Oscars with my lady when I ran across this link from ESPN.com: Source: Red Sox, Colon agree to minor league deal.
Wow, I'm honestly not quite sure how to react on this yet, however if it is true it most definitely gives the Sox a little more insurance with Schilling being out. If this is the case then it's pretty ironic that after all the fuss over Schilling's contract with its weight incentive clauses, we end up signing quite possibly the biggest pitcher out there (C.C. Sabathia excluded).
Seems off hand like a typical low-risk high reward signing by the Sox, much like the Wade Miller signing a few years ago. And this most certainly makes a crowded rotation even more full (pun intended) on a busy Oscar Sunday for the Sox.