Red Sox Sign David Price to 7 Year Deal

The 7 year $217 million dollar contract given to David Price could go down as one of the worst contracts in baseball history. The Red Sox are banking on Price being the ace the team has lacked since left-hander Jon Lester was traded to Oakland at the 2014 trade deadline.

The kind of role he’ll play for his new Red Sox team is expected to be the same to that of what was expected of him with the Yankees last season. Even though the Cardinals did not lock up Price; it shows that general manager John Mozeliak is hunting for a huge deal and will eventually bring in a superstar this offseason. Price will be Boston’s ace and may do great things for them, but will not be worth that contract.

According to ESPN, Price will earn $30 million in each of the first three years of his contract, $31 million in 2019 and $32 million the final three seasons.

The Red Sox were rumored to be one of the most heavy suitors for Price with their seemingly unlimited financial resources.

First, paying a starting pitcher on the wrong side of 30 is not the wisest decision, especially for a team like the Cubs who should be contenders for years to come. He went 18-5 with a 2.45 ERA in 2015, striking out 225.

The lefty pitcher is well known to Red Sox fans, having started his career with the Tampa Bay Rays and also by finishing last season on the Toronto Blue Jays. The deal comes just days after free agent starting pitcher Jordan Zimmermann signed for $110 million with the Detroit Tigers.

Park agreed Tuesday to a $12 million, four-year contract with the Twins, who are looking to add power to their lineup around promising youngster Miguel Sano and veterans Trevor Plouffe and Brian Dozier. The Red Sox then agreed to a two year, $13-million deal with free-agent outfielder Chris Young pending a physical, FoxSports.com reported on Monday.

Dombrowski’s urgency in the 11th hour reportedly was due to his negotiations with Los Angeles Dodgers free agent pitcher Zack Greinke and his representative, Casey Close, according to Nightengale. The only main difference between Verlander and Price is the arm with which they throw.

One of baseball’s most dominant pitchers, Price positioned himself for a payday this summer. That backfired and led to them not being able to catch up to the Blue Jays and the New York Yankees in the AL East. Management did not want a repeat of past year, so they rolled out the carpet for Price, who should be able to help the Red Sox secure a couple of more wins next season.