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.
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.
RELATED TOPICS:
Ancient DNA Reveals a New Group of People Who Lived Near Land Bridge Between the Americas
14 hours ago
Cabrera, Three Relievers Combine to Lead Marlins to Win Over Giants
1 day ago
Spike in Steel Tariffs Could Imperil Trump Promise of Lower Grocery Prices
1 day ago
Dodgers’ Mookie Betts Out With Broken Toe After Late-Night Bedroom Mishap
1 day ago
California Gubernatorial Candidate Steve Hilton Vows to Repeal Transgender Athlete Law
1 day ago
Trans Athlete Competes in California Championships in Clovis Despite National Controversy
1 day ago
Tim Walz Urges Democrats to Fight Back Harder Against ‘Bully’ Trump
1 day ago
Townsizing? Land Snorkeling? A User’s Guide to the Latest Travel Lingo
13 hours ago
Categories

Townsizing? Land Snorkeling? A User’s Guide to the Latest Travel Lingo

Trump Trade War Has Already Had Huge Effect on California Ports

Cambodian American Chefs Are Finding Success and Raising Their Culture’s Profile. On Their Terms

Ancient DNA Reveals a New Group of People Who Lived Near Land Bridge Between the Americas

Cabrera, Three Relievers Combine to Lead Marlins to Win Over Giants

Spike in Steel Tariffs Could Imperil Trump Promise of Lower Grocery Prices

Dodgers’ Mookie Betts Out With Broken Toe After Late-Night Bedroom Mishap
