At today’s press conference to announce the signing of Hanley Ramirez, Red Sox owner John Henry told reporters, including WEEI.com’s Alex Speier, that his team is willing to exceed the $189MM luxury tax threshold in 2015. “The way it’s structured we can blow through one year,” Henry said. “Again for next year we have tremendous flexibility so we could go could through for one year and not overly effect us.”
Henry added that his previous comments about aversion to long-term contracts were overblown and stated, “You can’t win unless you engage in free agency.” The Red Sox’ early actions this offseason have exemplified that line of thinking, as the team today announced the signing of Ramirez to a four-year, $88MM contract (with a vesting option for a fifth season) and Pablo Sandoval to a five-year $95MM contract. Additionally, they inked Koji Uehara to a two-year, $18MM pact before he even hit the open market.
Boston’s spending doesn’t seem the least bit likely to stop there, as both Henry expressed that he is hopeful of securing a reunion with Jon Lester, who is a well-known target of GM Ben Cherington. Boston is believed to be looking at to add at least two starting pitchers this season and has also been linked to trade target Cole Hamels and free agent James Shields, among others.
The flexibility to which Henry refers is significant; Mike Napoli ($16MM AAV), Shane Victorino ($13MM AAV), Edward Mujica ($4.75MM AAV) and Yoenis Cespedes ($9MM AAV) are all coming off the books following the upcoming season. As Speier examined in depth yesterday, the Red Sox figure to already be within $7-8MM of the $189MM threshold, and that’s without adding a pair of starters as well as perhaps a backup catcher and another bullpen arm. However, the team will also undoubtedly be offloading some significant salary in trades of its outfield surplus. Cespedes has been heavily rumored as a likely trade candidate, and any of Victorino, Allen Craig, Daniel Nava could theoretically be moved as well.