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11:46 am: The Yankees are only covering $ 850K of Ottavino’s salary, tweets ESPN’s Buster Olney.
11:30 am: Fine sand tweets that it “looks” like the Red Sox are taking on Ottavino’s $ 8 million salary and a $ 3 million deferred signing bonus due in 2022. In doing so, they will effectively buy a new pitching prospect and take on a potential rebound reliever (who could be a deadline trade candidate if the Sox are out of the division chase). The Yankees, meanwhile, will get rid of Ottavino’s $ 9 million luxury tax.
11:25 am: Right handed German Frank – the Yankees’ fourth-round pick in the 2018 draft – heads to the Red Sox in that deal, Sherman tweets.
11:16 am: Yankees traded right-hander Adam ottavino to the Red Sox, reports Lindsey Adler of The Athletic (via Twitter). Joel Sherman of the New York Post add that the Yankees send Ottavino and a prospect to Boston. Red Sox take “most” of Ottavino’s $ 8 million salary, Sherman says, which will help the Yankees steer clear of the $ 210 million luxury tax barrier – a threshold they almost faced before accepting this exchange.
After acquiring Jameson taillon of Pirates and accepting the terms with DJ LeMahieu and Corey kluber, the Yankees ended up with about a million dollars separating them from the tax cutoff, according to Jason Martinez of Roster Resource. The loss of most of Ottavino’s remaining salary will give the Yankees vital leeway as they look to supplement their off-season relationship. The Yankees recently spoke to Brett GardnerIt’s camp on a reunion, and the club could still be looking for affordable rotational depth even after adding Kluber and Taillon. Both are coming out of injury-ruined 2020 seasons, after all, and the rest of the squad’s rotation has similar workload issues.
The trade between the two teams is the first in seven years and, like MLB.com’s Mark Feinsand points out, only the second trade Yankees general manager Brian Cashman has ever made with his organization’s main rival.
While finances are clearly the driving factor in this trade, the Yankees are unlikely to have stepped up if Ottavino hadn’t struggled with a dismal performance in last year’s shortened season. The 35-year-old has appeared in 24 games but has only totaled 18 1/3 innings of work, giving up a dozen runs on 20 hits and nine walks with 25 punches in that time. Ottavino’s 5.89 ERA was his highest since his debut as a rookie with the Cardinals in 2010, although independent measures from the pitch were more optimistic on his work (3.52 FIP, 3.62 SIERA ).
Control has never been a strong point for Ottavino, but it did drop his walk rate from 13.8% in 2017-2019 to 10.6% last year. It’s easy to call his ERA the result of a very high .375 average on the ball in play, but Ottavino’s struggles seemed like more than just bad luck. Despite his better control, the right-hander’s takeout rate dipped slightly (31.5% to 29.4%), and Ottavino gave a hard touch at a career-high rate (90.6 mph average exit speed). h; hard hit rate of 50%).
More soon.
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