Saturday, August 25, 2012

Blockbuster Sox-LAD Trade Officially Completed

Jerry Sands (Getty)
According to Michael Silverman of the Boston Herald, the mega-deal between the Red Sox and Dodgers was completed early Saturday morning. The total value of the deal is around $275 million dollars—with the Red Sox responsible for only $12 million of their exiting salary obligations. That's just around 4% of what they would have owed the four players who left town. This is a very good financial deal for Boston. We'll see what the baseball results will be down the road. Again, the Red Sox shipped Adrian Gonzalez, Josh Beckett, Carl Crawford and Nick Punto to Los Angeles in exchange for first baseman James Loney, righty pitchers Rubby De La Rosa and Allen Webster, infielder Ivan De Jesus and outfielder Jerry Sands. Sox GM Ben Cherington should get a lot of credit for this bold and franchise-transforming deal.