“This (coming) year we need to be under the CBT,” Red Sox principal owner John Henry said Sept. 27. “That was something we’ve known for more than a year now.”
The Red Sox’s 2020 payroll dipped approximately $18 million below the $208 Competitive Balance on Tuesday when they agreed to trade Mookie Betts and David Price to the Dodgers. Boston is set to acquire Brusdar Graterol from the Twins and Alex Verdugo from the Dodgers in the three-team trade. The trade isn’t official yet. It is pending a review of medical records.
Betts will earn $27 million in 2020, his final year under team control. The Red Sox are expected to pay about half of the remaining three years, $96 million left on Price’s contract, per MLB Network’s Jon Heyman.
Price’s average annual value is $31 million. Price’s contract, therefore, will count for about $16 million toward Boston’s CBT. That number isn’t official yet.
And so the Red Sox slashed approximately $43 million off their 2020 payroll by trading Betts and Price.
MassLive.com estimated the payroll now is at $189.6375 million. Chief baseball officer Chaim Bloom has plenty of flexibility to add to the 2020 team. He might want to sign or acquire a starter to replace Price. He also has tremendous flexibility for next offseason’s free agent class.
Red Sox 2020 estimated payroll breakdown:
Guaranteed contracts: David Price (Red Sox expected to pay around $16 million of his $31 million AAV), Chris Sale ($25.60 million), J.D. Martinez ($23.75 million), Xander Bogaerts ($20 million), Nathan Eovaldi ($16.88 million); Dustin Pedroia ($13.3 million), Christian Vazquez ($4.52 million), Jose Peraza ($3 million), Mitch Moreland ($3 million), Martin Perez ($6.5 million), Kevin Plawecki ($900,000). Total: $133.45 million
Arbitration contracts negotiated: Jackie Bradley Jr. ($11 million), Brandon Workman ($3.5 million), Matt Barnes ($3.1 million), Heath Hembree ($1.6125 million). Total: $19.2125
Arbitration contracts unsigned: Eduardo Rodriguez ($8.975 million projected), Andrew Benintendi ($4.15 million projected). Total: $13.125 million.
Split contracts: Josh Osich ($850,000 in majors). Total: $850,000.
Pre-arbitration players: Yoan Aybar, Ryan Brasier, Colten Brewer, Austin Brice, Matt Hall, Kyle Hart, Darwinzon Hernandez, Chris Mazza, Bobby Poyner, Denyi Reyes, Mike Shawaryn, Jeffrey Springs, Josh Taylor, Hector Velazquez, Marcus Walden, Ryan Weber, Jonathan Arauz, C.J. Chatham, Michael Chavis, Bobby Dalbec, Rafael Devers, Tzu-Wei Lin, Marcus Wilson. Approximate Total: $8 million.
Other costs: Add another approximately $15 million for medical costs, health benefits, spring training allowances, moving and traveling expenses, etc. That’s all included in the CBT. Approximate Total: $15 million.
Total: $189.6375 million.
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