Red Sox to pay Dodgers $3.9M over each of next three years
|12.12.12 at 11:29 pm ET|
According to The Associated Press, the Red Sox will make three payments of $3.9 million each to the Dodgers in the next three years, with disbursements to come in 2013, 2014 and 2015, to complete the August blockbuster that sent Adrian Gonzalez, Carl Crawford, Josh Beckett and Nick Punto to Los Angeles in exchange for Allen Webster, Rubby De La Rosa, Jerry Sands, Ivan De Jesus Jr. and James Loney.
The payment schedule has limited implications for the Sox’ efforts to avoid the luxury tax, most notably in 2014, when doing so provides the team with a potential rebate of revenue-sharing money that could lead to millions of dollars in savings for the club. As of now, assuming that the team’s three-year, $39 million deal with Mike Napoli is finalized and with the payment to the Dodgers factored in, the team would still have more than $45 million that it could spend on contracts for 2014 while staying under that season’s $189 million luxury tax threshold.
While the Sox remain on the hook for a total of $11.7 million for the contracts of the players they sent to the Dodgers, Los Angeles will pay the remaining $250.8 million on the four former Red Sox players contracts, thus giving the Sox considerable financial flexibility going forward.
Latest from Bleacher Report
- Cup of Coffee: Benintendi debuts, Stankiewicz shines for Salem
- Red Sox purchase contract of pitcher Noe Ramirez
- Johnson named to International League All-Star Team
- Cup of Coffee: Kopech goes six strong, Nava returns to Pawtucket
- Red Sox sign two as international signing period opens
- Cup of Coffee: Devers hits clutch homer, GCL Sox remain unbeaten
- Podcast Ep. 79: Promotions, Signings, Rankings, Fireworks?
- Five Sea Dogs chosen for Eastern League All-Star team
- Cup of Coffee: Espinoza and Owens pitch well, Basabe leads Lowell
- Red Sox sign five more draftees, including first-round pick Benintendi