Friday, August 22, 2014

Red Sox Sign Castillo: 7 Years, $72.5 Million

The Providence Journal's Tim Britton is reporting that the Red Sox have signed Cuban OF Rusney Castillo to a seven-year, $72.5 million deal. This works out to about $10.4 million per year over the span of the contract—and would take Castillo to age 34. According to's Alex Speier, the structure of the deal is as follows: "Castillo will count for $10.36 million against the luxury tax threshold for each of the seven years of his deal, including 2014. However, the Sox cleared enough payroll at the 2014 trade deadline that, as of now, it does not appear that they will exceed the $189 million luxury tax threshold in 2014."