Please ensure Javascript is enabled for purposes of website accessibility
Red Sox to Send Dodgers $48M in 18 Installments Over 3 Years
gvw_ap_news
By Associated Press
Published 5 years ago on
February 13, 2020

Share

NEW YORK — The Boston Red Sox will make their $48 million in payments to the Los Angeles Dodgers as part of the David Price and Mookie Betts trade in 18 equal installments over the next three years.

Boston will send Los Angeles $2,666,667 on the 15th of each month from April through September in 2020, 2021 and 2022 as part of the deal announced Monday, according to details obtained by The Associated Press.
Boston will send Los Angeles $2,666,667 on the 15th of each month from April through September in 2020, 2021 and 2022 as part of the deal announced Monday, according to details obtained by The Associated Press.
The $48 million is equal to half of what Price is owed for the remainder of the $217 million, seven-year contract he agreed to with Boston ahead of the 2016 season. He is due $32 million in each of the next three seasons.

Boston’s Savings of $43 Million Drops the Team’s Projected Luxury Tax Payroll Below the $208 Million Threshold

Betts has a $27 million salary this year and is eligible for free agency.
Boston’s net savings of $43 million this year — Betts’ salary and half of Price’s — drops the team’s projected luxury tax payroll below the $208 million threshold. The Red Sox paid $11.95 million in tax following their World Series title in 2018 and $13.4 million in tax after missing the playoffs last year.
If the Red Sox exceed the threshold for the third straight season, they would pay at a 50% rate on the first $20 million over, a 62% rate on the amount over $228 million and a 95% rate on the amount above $248 million.
As part of the trade, Boston acquired outfielder Alex Verdugo, infielder Jeter Downs and catcher-infielder Connor Wong.

DON'T MISS

Waymo’s Robotaxis Now Open to Anyone Who Wants a Driverless Ride in Los Angeles

DON'T MISS

Fresno County Man Accused of Filing Fake Disability Claims in $300K Fraud Scheme

DON'T MISS

Trump Nominates Fox News Host Pete Hegseth for Defense Secretary

DON'T MISS

Economists Warn of Inflation and Debt Risks in Trump’s Second Term Plans

DON'T MISS

How Many Smoke Shops Is Too Many? Fresno Plan Would Allow Only 49

DON'T MISS

US Says It Will Not Limit Israel Arms Transfers After Some Improvements in Flow of Aid to Gaza

DON'T MISS

Who With Valley Ties Could Land Spots in the Trump Administration?

DON'T MISS

Tulare Gang Member Gets Life Without Parole for 2022 Murders

DON'T MISS

Who With Valley Ties Could Land Spots in the Trump Administration?

DON'T MISS

Gov. Newsom Said No, but California Voters Overwhelmingly Said Yes

UP NEXT

49ers Coach Kyle Shanahan Says Players’ Sideline Spat Has Been ‘Squashed’

UP NEXT

Cowboys QB Dak Prescott Will Have Season-Ending Surgery on Torn Hamstring

UP NEXT

Rams’ Offensive Woes Resurface in Loss to Dolphins, Snapping Win Streak

UP NEXT

John Robinson, Successful Football Coach at USC and With the LA Rams, Has Died at 89

UP NEXT

Lakers’ Anthony Davis Sidelined by Eye Injury After Blocking Dunk Attempt

UP NEXT

Curry Scores 36, OKC Loses Holmgren to Hip Injury in Warriors’ Win Over Thunder

UP NEXT

CeeDee Lamb Throws Shade After Losing the Ball in the Sun as Jerry Jones Bristles Over Curtains

UP NEXT

Rookie Jared Verse Is a Battering Ram, Sacking QBs and Talking Trash for LA

UP NEXT

Justin Herbert Has TDs Passing and Rushing as Chargers Beat Titans for 3rd Straight Win

UP NEXT

Moody Shrugs Off 3 Missed FGs to Kick 49ers Past Buccaneers in McCaffrey’s Season Debut

Economists Warn of Inflation and Debt Risks in Trump’s Second Term Plans

33 mins ago

How Many Smoke Shops Is Too Many? Fresno Plan Would Allow Only 49

45 mins ago

US Says It Will Not Limit Israel Arms Transfers After Some Improvements in Flow of Aid to Gaza

52 mins ago

Who With Valley Ties Could Land Spots in the Trump Administration?

2 hours ago

Tulare Gang Member Gets Life Without Parole for 2022 Murders

3 hours ago

Who With Valley Ties Could Land Spots in the Trump Administration?

4 hours ago

Gov. Newsom Said No, but California Voters Overwhelmingly Said Yes

4 hours ago

Mike Tyson-Jake Paul: How to Watch the Fight, Time, Odds

5 hours ago

Travel in the West Bank Is a Tale of Two Journeys

5 hours ago

Chris Wallace Is Leaving CNN, Eager to Explore New Media Landscape

5 hours ago

Waymo’s Robotaxis Now Open to Anyone Who Wants a Driverless Ride in Los Angeles

LOS ANGELES – Waymo on Tuesday opened its robotaxi service to anyone who wants a ride around Los Angeles, marking another milestone in...

13 mins ago

13 mins ago

Waymo’s Robotaxis Now Open to Anyone Who Wants a Driverless Ride in Los Angeles

A Fresno County man has been indicted on mail fraud charges for allegedly submitting over $300,000 in falsified disability claims using stolen identities. (GV Wire File)
26 mins ago

Fresno County Man Accused of Filing Fake Disability Claims in $300K Fraud Scheme

Pete Hegseth walks to an elevator for a meeting with President-elect Donald Trump at Trump Tower in New York, Dec. 15, 2016. (AP File)
30 mins ago

Trump Nominates Fox News Host Pete Hegseth for Defense Secretary

33 mins ago

Economists Warn of Inflation and Debt Risks in Trump’s Second Term Plans

45 mins ago

How Many Smoke Shops Is Too Many? Fresno Plan Would Allow Only 49

52 mins ago

US Says It Will Not Limit Israel Arms Transfers After Some Improvements in Flow of Aid to Gaza

Photo of David Bernhardt
2 hours ago

Who With Valley Ties Could Land Spots in the Trump Administration?

Nathaniel Lujano, 23, of Tulare, a known gang member was sentenced to life without parole for two 2022 murders, committed to benefit a criminal street gang. (Tulare County DA)
3 hours ago

Tulare Gang Member Gets Life Without Parole for 2022 Murders

Search

Send this to a friend