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Reports: Red Sox sign Joel Hanrahan for $7.04 million 01.18.13 at 4:01 pm ET
By Alex Speier

According to MLBTradeRumors.com, the Red Sox reached a one-year, $7.04 million deal with closer Joel Hanrahan for the 2013 season, a considerable increase on the $4.1 million the right-hander earned in 2012. Hanrahan, who was arbitration-eligible for the third time this offseason, could earn an additional $60,000 in incentives, according to the website, with $15,000 bonuses for finishing 45, 50, 55 and 60 games.

Hanrahan was an All-Star closer for the Pirates for the second straight year in 2012, going 5-2 with a 2.72 ERA, 10.1 strikeouts per nine innings and 5.4 walks per nine innings en route to 36 saves last year. The Sox acquired him (along with infielder Brock Holt) from Pittsburgh on Dec. 26 in exchange for reliever Mark Melancon, right-hander Stolmy Pimentel and outfielder Jerry Sands.

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  • 45 year sox fan

    Looks like the plan is, starting pitching 4 innings and then into the bullpen pool.

  • Johnny Spygate

    Well, at least he’s used to closing for a last place team

  • Anonymous

    why do u bother, really

  • Bruinman86

     ….and by mid season, the bullpen is tired and they start choking more games away….

  • ty

    just another player that the red sox should not have gotten. what a waste. 

  • Dpalm789

    really, why add in his contract that he could make an additional 75000 bones when he is making 7mill, makes no sense

  • Wmeritz

     Its always a bad sign for a team when the bullpen logs more innings than the starting pitchers.

  • Wmeritz

     If it comes true to what you are saying, it will be a long year!

  • Ben810

    What the hell is the point of this? Why spend $7 mil for a player who’s only going to be around for one season when a last place finish is virtually guaranteed?

  • Robwalsh

    Let’s revisit the Sox’s decision not to sign Papelbon for $12.5 million a year over four years.  

    The Sox trade Josh Reddick for Andrew Bailey last year.  Bailey’s arbitration pay is $4.1 million.  They then reach a deal with Hanrahan for $7.1 million this year, because they don’t trust Bailey to close.  

    To replace Reddick they sign Shane Victorino for $13 million.  Reddick is pre-arbitration eligible; his salary is under $1 million.

    So now the Red Sox are paying about $25 million for Victorino, Bailey and Hanrahan combined when they could have paid $13.5 million for Papelbon and Reddick.   I’d take Reddick over Victorino any day of the week and neither Bailey nor Hanrahan are close to Papelbon for the ability to stay healthy and deliver results.

    I believe the expression is penny-wise, pound-foolish.

  • Bruinman86

    You’ve got that right! Fingers crossed the starters go at least 6 innings.

  • Steve

    Screw all you so called Sox fans, I’m ready for some warm weather and baseball.

  • WHO CARES

    RED SOX TRADED FOR JOEL H. and they signed him for 1 year ? why only 1 year ? who wanted just 1 year JH or Sox ?

  • WHO CARES

    red sox thinks that Pap is done, Reddick is on PED, (goes from 7 HR’s to 32 and can play without getting injuried)Bailey got hurt (history of getting hurt) Hanrahan good pick up (why only 1 year ?)Victorino ???????????????????????????????????????????   I don’t know why

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