What David Price's opt-out means for the Red Sox
Jim Monaghan
Content Coordinator
By now, you've no doubt heard that former Red Sox pitcher David Price has opted out of playing baseball in 2020 due to concerns over COVID-19.
The reaction to his announcement on social media was split pretty much how you would expect - some fans expressing their understanding of Price's reasoning and others coming down hard on the Dodgers lefty starter.
As of Sunday night (7/4), Price was the seventh player to opt out of the 2020 MLB season.
Price and Mookie Betts were traded from Boston to the Dodgers in February 2020 with the Red Sox on the hook for nearly $48 million of Price's remaining contract, including $16 million for the 2020 season.
By opting out, Price is forfeiting his salary for the season. What this means for the Red Sox is in a shortened 60-game season, about $6 million pro-rated for 2020 won't be paid out to Price by Boston.
Assuming that Major League Baseball and the Players Association can come to an agreement on how or if forfeited money affects the Competitive Balance Tax threshold (yeah, I know, getting those two to agree to anything could be a BIG stretch), the money not paid to Price would enable the Red Sox to get further under the luxury tax threshold. And that could be helpful in acquiring talent at the 2020 trade deadline should Boston be in contention at that time.
Click here to find more by Jim Monaghan on Red Sox Life. Follow him on twitter - @Monaghan21.
Content Coordinator
By now, you've no doubt heard that former Red Sox pitcher David Price has opted out of playing baseball in 2020 due to concerns over COVID-19.
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| Photo courtesy of USA Today |
As of Sunday night (7/4), Price was the seventh player to opt out of the 2020 MLB season.
Price and Mookie Betts were traded from Boston to the Dodgers in February 2020 with the Red Sox on the hook for nearly $48 million of Price's remaining contract, including $16 million for the 2020 season.
By opting out, Price is forfeiting his salary for the season. What this means for the Red Sox is in a shortened 60-game season, about $6 million pro-rated for 2020 won't be paid out to Price by Boston.
Assuming that Major League Baseball and the Players Association can come to an agreement on how or if forfeited money affects the Competitive Balance Tax threshold (yeah, I know, getting those two to agree to anything could be a BIG stretch), the money not paid to Price would enable the Red Sox to get further under the luxury tax threshold. And that could be helpful in acquiring talent at the 2020 trade deadline should Boston be in contention at that time.
Click here to find more by Jim Monaghan on Red Sox Life. Follow him on twitter - @Monaghan21.
