Sports

It’s official — Red Sox exit over luxury tax threshold for no good reason


Tomase: “Socks will definitely exceed the luxury tax” originally appeared NBC Sports Boston

hope James Paxton Worth it.

of Red Sox This season, it exceeded the luxury tax threshold by just $4.5 million. This means you’ll have to pay smaller bills, but more importantly set yourself up to receive less compensation if you lose a free agent such as: xander bogaerts this winter.

The Associated Press recently announced that MLB yearly salary list. The Red Sox finished fifth with $234.5 million. They said he is one of six teams to cross the $230 million threshold and is the only team not currently in playoff position.

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Squeezing the tax line just to finish in last place is the worst of both worlds. It’s going to cost more.

By cutting some players by the deadline, rather than dumping pending free agency, they were able to fall below that number and avoid paying penalties. Nathan Evaldi Also JD Martinez, they retained both to have an improbable run in the postseason. Iovaldi has made only two starts since August. 2, Martinez is hitting just .238.

another move it will cost them in the end Paxton was given $6 million in rehab from Tommy John in hopes the team would make enough progress to allow him to opt for his two-year $26 million option. left the first rehab start with the Latitude strain after facing just two hitters.

The Red Sox would face a series of penalties if they exceed the threshold for the first time since 2019. Any overage is subject to 20% tax and is approximately $900,000. Free, who rejected a qualifying offer, would be given his fourth-round pick instead of a second-round pick if he lost his agent (which could only apply to Bogaerts). If they signed such a free agent, they would lose his second pick and his fifth pick in the draft. They would also lose $1 million in international bonus money.

If the Red Sox cross the $233 million threshold next year, the penalties will double. In that case, they owe at least 30% for every extra dollar they spend.

Going over only makes their approach to trading deadlines even more confusing.Starting catcher Christian Vazquez Astrosthey cut salaries, imposed no penalties, and appeared to be well on their way into this crucial winter rebuild with a clean slate.

Instead, they stuck with everyone else and had nothing to show for it. it will be very painful.



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