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Salary Dump

All articles tagged with #salary dump

Red Sox Exit Devers Fallout With Hicks-Sandlin Sale for Ziehl
sports1 month ago

Red Sox Exit Devers Fallout With Hicks-Sandlin Sale for Ziehl

Boston traded right-hander Jordan Hicks and pitching prospect David Sandlin to the White Sox for pitching prospect Gage Ziehl in a salary-dump intended to shave about $3 million off the team’s second CBT hit and open two 40-man spots. Hicks, who had a four-year, $44 million pact with the Giants and underperformed for Boston, will thus contribute roughly $4 million per year to the Red Sox’s luxury-tax payroll going forward. The deal underscores the ongoing Devers saga and the broader effort to clean up last year’s roster mess, with questions remaining about whether the moves will produce lasting on-field improvement.

via Boston Herald|
#jordan-hicks#payroll#rafael-devers
White Sox land Hicks in payroll-cleaning swap that adds Sandlin and depth
sports1 month ago

White Sox land Hicks in payroll-cleaning swap that adds Sandlin and depth

The Chicago White Sox are acquiring right-hander Jordan Hicks and pitching prospect David Sandlin from the Boston Red Sox in exchange for pitching prospect Gage Ziehl and a player to be named later, with Boston also sending about $8 million to help cover Hicks’ remaining $24 million owed. The deal frees roughly $16 million from Hicks’s contract, opens two 40-man roster spots for Boston, and provides Chicago with bullpen/rotational depth as they continue their roster rebuild.

via MLB Trade Rumors|
#david-sandlin#gage-ziehl#jordan-hicks
Cardinals Trade Nolan Arenado to Diamondbacks to Kickstart Rebuild
sports2 months ago

Cardinals Trade Nolan Arenado to Diamondbacks to Kickstart Rebuild

The Cardinals traded Nolan Arenado and cash to the Diamondbacks for minor league right-hander Jack Martinez, with Arizona taking about $11M of Arenado’s remaining $42M over the next two years (Rockies paying $5M, Cardinals $26M). Arenado, 34, has declined offensively but remains a strong defender; the move clears payroll for STL’s rebuild and gives Arizona a veteran third baseman in a more hitter-friendly park, while the return is modest and could free up room for additional moves by both teams.

via MLB Trade Rumors|
#arizona-diamondbacks#mlb-trade#nolan-arenado
Hawks' John Collins traded to Jazz in salary dump.
sports2 years ago

Hawks' John Collins traded to Jazz in salary dump.

The Atlanta Hawks traded John Collins, a talented and young forward, for a soon-to-be 37-year-old Rudy Gay and a second-round draft pick, in a move that was deemed an embarrassing culmination of the past three years of rumors. While the trade makes sense from a financial perspective, it leaves the Hawks as a lesser team and puts pressure on the new front office to improve the roster while gaining payroll flexibility. Winning next season largely depends on how well the team acclimates to new coach Quin Snyder's system.

via The Athletic|
#atlanta-hawks#john-collins#nba