It sounds like there were no hard feelings. Schilling surprised the Red Sox by indicating his intention to play in ’08, and the Sox are unwilling to commit $13MM of their free cash to the 40 year-old before seeing him pitch this year. If it was for less money, the deal might’ve been done.
Schilling will hit the market after this season and take the best offer, Yankees not included. The Sox could still bring him back and are his first choice.
I am curious what price would compel the Red Sox to commit now. In a world where 32 starts of crap are worth $7-8MM, it doesn’t seem a stretch for a rich team to overpay a little on a one-year commitment.