The most up-to-date content on the planet
this just in
 RSS
WEEI » This Just In » Scutaro deal freed nearly $8M for luxury tax
Mon, 01/23/2012 - 10:46am  

Scutaro deal freed nearly $8M for luxury tax

The motivation behind the Red Sox trade that sent shortstop Marco Scutaro to the Rockies on Saturday was unquestionably financial, but the amount of savings that the Sox achieved for luxury tax purposes was previously understated.

Scutaro will earn $6 million in 2012. However, in calculating the Red Sox payroll against the competitive balance tax (CBT) threshold of $178 million, he actually represented a $7.67 million salary for the coming season. That relates to the structure of Scutaro's deal.

Scutaro, who received a signing bonus of $1 million when he joined the Sox in Dec. 2009, made salaries of $5 million in both 2010 and 2011. He also had a $3 million player option (should the team decline its $6 million option and pay a $1.5 million buyout) that was treated as guaranteed money when calculating the Sox' CBT payroll. Thus, Scutaro's deal was treated by Major League Baseball as a three-year, $14 million deal, with an average annual salary of $4.67 million.

However, when the Sox exercised their $6 million option for 2012, his deal became a three-year, $17 million contract. That, in turn, meant that the Sox would be on the hook for a $7.67 million luxury tax hit on Scutaro's deal in 2012 -- the difference between the total value of the contract ($17 million) and what the Sox had been charged for CBT purposes on his deal in its first two years ($9.33 million).

That figure increased the Sox' motivation to move Scutaro, especially when the Rockies became the first team to offer to pay the entirety of his $6 million salary for 2012.

For more on the Scutaro trade, click here. For complete Red Sox coverage, visit weei.com/redsox.




Audio On Demand

Phil Perry, CSNNE on the …

Phil Perry, CSNNE on the Patriots and NFL free agency

Pete talks with The Senator, Phil Perry about the Patriots trading for Dwayne Allen, ruling out a return to New England for Martellus Bennett. They also talk about the potential future of Patriots backup QB Jimmy Garoppolo and some of the big names in NFL free agency

NFL SUNDAY...the final segment of the year -- 2-5-17

Pete, Thornton and Price give their final thoughts and predictions for the Super Bowl.

Gabe Morency, Sports Rage TV and FNTSY Sports Net, joins NFL SUNDAY to go over the various props for Super Bowl 51 -- 2-5-17

Gabe calls the boys to handicap one of the biggest gambling days of the year - Super Bowl 51! Gabe has all the point spread info down and gets to all of the major prop bets that interest him.

Kirk and Callahan- Will I…

Kirk and Callahan- Will Isaiah Thomas win a title in Boston? 3-7-17

Kirk, Gerry, and Alex Reimer discuss whether or not Isaiah Thomas will win a title in Boston.

Kirk and Callahan- Celtics lose after Thomas mishandles the ball 3-6-17

Gerry, Kirk, and Trenni react to the Celtics loss against the Suns.

Danny Picard gives his thoughts on the Celtics, the incredible season Isaiah Thomas is having and potential trade opportunities for Boston -- 2-19-17

The NBA trade rumor mill is beginning to swirl as the deadline approaches and Picard is ready to go! He talks about the possibility of Jimmy Butler coming to Boston, why Isaiah Thomas is not getting enough respect and the future of the Celtics.

Bradfo Sho, Ep. 19: Being…

Bradfo Sho, Ep. 19: Being Drew Pomeranz

Rob Bradford is joined by Drew Pomeranz, the Red Sox pitcher who so many are wondering if he will be able to live up the value placed on him by the Red Sox when trading away top pitching prospect Anderson Espinoza last July. Pomeranz goes into detail regarding his injury last season, the stem cell treatment he underwent in the offseason, and how he thinks things stand heading into the 2017 campaign.

Bradfo Sho, Ep. 18: Tom Caron

Rob Bradford is joined by Tom Caron, the man responsible for guiding the ship when it comes to Red Sox pregame and postgame shows, along with various other important duties with the New England Sports Network, including offering the play-by-play for both TV and radio throughout spring training. Tom and Rob discuss a variety of topics, such as nickname conundrums, radio vs. television, criticizing the team, behind-the-scenes for the broadcasts and where the industry is going.

Bradfo Sho, Ep. 17: The curious case of Carlos Quentin

Rob Bradford is joined by two-time All-Star outfielder Carlos Quentin, who is attempting a comeback with the Red Sox this spring. Quentin's path back to baseball involves almost quitting the game less than a year ago, losing 40 pounds and trying to sell himself to general managers all over Major League Baseball. Quentin explains his journey, which has led him to the back fields at JetBlue Park.

The 1972 Bruins

Highlights

Saturday Skate - Bruins and the All-Star break

Guys talk the Bruins season so far and the All-Star Break

Saturday Skate - Firing Claude

Guys discuss if or when the Bruins will fire Coach Julian

K&C- The outlook for the …

K&C- The outlook for the Red Sox; Michael Irvin being investigated for alleged sexual assault; Renee Graham says Boston is racist 3-29-17

Hour 4. Trenni, Kirk, and Gerry discuss the upcoming Red Sox season. Michael Irvin is being investigated for sexual assault, again. Renee Graham, from the Globe, thinks Michael Che is right about Boston being racist.

K&C- Trenni doesn’t want immigration reform; Curtis sucks at song and movie trivia; Reimer interrupted Kirk’s rant on Tuesday 3-29-17

Hour 3. Trenni battles Gerry on immigration. Joe Mixon’s future is discussed. Curtis will get a second chance at music trivia on Friday.

K&C- Joe Mixon’s chances, Adrian Peterson is a bad guy; Headlines with Kirk; Kirk vs. Keefe 3-29-17

Hour 2. Trenni, Gerry, and Kirk discuss Joe Mixon’s draft chances. A horrible hazing story from Texas is the topic in headlines. Keefe responded to Kirk (kind of).

OMF - Tuukka time, squirr…

OMF - Tuukka time, squirrel moments, and what happens if Tom Brady turns into Kobe Bryant? 3-29-17

HOUR 4 - The guys talked about Tuukka's rebound game last night against the Predators, Glenn had a squirrel moment when ESPN started talking about Joe Mixon, Tom Brady was compared to Kobe Bryant, and Holley says the Celtics can win the title.

OMF - Did Malcolm Butler's camp screw this up? 3-29-17

HOUR 3 - Did Butler's camp screw up Butler's situation? Glenn exposes one of Fauria's verbal crutches. The guys try to come up with some new podcast names and ideas.

OMF - Dave Dombrowski gets defensive about the Red Sox throwing program, 3-29-17

HOUR 2 - Fauria struggles to read the "Trending Now." Dave Dombrowski is getting defensive about the fact that all his free agent pitching acquisitions are getting injured. Hanley forgets which shoulder he hurt 2 years ago. Lou loses it when John Farrell makes up some new baseball lingo.

Dale, Holley, and Keefe's…

Dale, Holley, and Keefe's Final Drive 3-28-17

We finish the show with the best sound of the day.

Can Tom Brady truly play well into his 40s?

Holley and Keefe discuss Tom Brady's future and if it's possible to see Brady playing for 6-7 more years.

Will Hernandez be found guilty? The Patriots have made off season splashes, are they done?

Dale, Holley, and Keefe discuss the Hernandez trial and then address Malcolm Butler and the Patriot off season decisions.

Ep. 56: Howie Carr

Ep. 56: Howie Carr

Kirk Minihane, future radio hall of famer, sits down with current radio hall of famer Howie Carr. Kirk and Howie talk about Howie's latest book Kennedy Babylon. If you like famous people engaging in sex scandals, hard drug taking, and murder this is the podcast for you. Its a fascinating look at Boston's most famous family and the problems that took the family down.

Ep. 55: Kirk has a proposal for Callahan and the Producers

Kirk Minihane, host and overlord of the morning show, brings Gerry Callahan and producers Chris and Ken into the studio to hear his show proposal. Kirk is thinking about making some changes to the morning show and wants to hear his crew's opinion.

Ep. 54: Richard Deitsch

SI's Richard Deitsch returns to the podcast to talk with Kirk about the K&C casting couch, how ESPN wimps out when they are called out for slander, what's going on with Bill Simmons, and the rise of podcasting.

The Real K&C - Fails, ran…

The Real K&C - Fails, rants, & interruptions 3-29-17

Ken Laird and Chris Curtis have the Tuesday & Wednesday recap from the K&C show, including Kirk's epic rant at Dale & Holley with Keefe.

#DORK 7: WrestleMania 33 Preview

Rich Keefe is joined by Dale Arnold and Ben Kichen to preview WrestleMania 33. Is it a good card? What will be the best match? Plus Ryan Davey is in for "This Week in #DORK" with a look a couple new trailers and the always great "Black Panther Reads #DORK iTunes Reviews."

Sports Check Up - Ep. 10: Christian Fauria and Dr Gill discuss NBA and NHL Playoffs

Christian Fauria and Dr Gill go over the difficulties of staying healthy through the long grind of the playoffs in the NBA and in the NHL.

K&C- Keefe takes a shot a…

K&C- Keefe takes a shot at Kirk, Kirk responds; Headlines with Kirk; Reimer welcomes refugees 3-28-17

Hour 2. Kirk responds to Keefe’s shot at him. Alex says America is to blame for 9/11 in Headlines. Alex says the U.S. should let as many people in as possible.

More from this show

K&C- Evan Drellich return…

K&C- Evan Drellich returns; A bizarre call from San Diego; Michael Che doubles down 3-27-17

Hour 1. Evan Drellich makes his casting couch return. Over the weekend, Michael Che affirmed that he believes Boston is “the most racist city” he has ever been to.

More from this show

K&C- Drellich battles Kir…

K&C- Drellich battles Kirk and Gerry on racism in Boston; Headlines with Kirk; Volin worked out with players 3-27-17

Hour 2. Evan Drellich defends Michael Che, saying that it’s possible to say Boston is racist if you are black. Gerry and Kirk battle with Drellich, defending the city against Michael Che’s allegations. In headlines, the guys revisit the Maison family.

More from this show

K&C- Globe editor dodges …

K&C- Globe editor dodges K&C, appears on Globe Radio; Gerry and Drellich talk working the beat 3-27-17

Hour 4. Joe Sullivan didn’t want to appear on K&C. Instead, he appeared on Brand X. Drellich thinks working the beat is just as hard as when Gerry did it. Gerry likes Fences.

More from this show

K&C- Drellich hates Trump…

K&C- Drellich hates Trump; Kirk doesn’t want K&C promos played; Drellich won’t say Ortiz did steroids 3-27-17

Hour 3. Drellich thinks Trump is a pathological liar while Gerry thinks Trump doesn’t lie as much as Obama. Kirk is sick of show promos and says K&C will no longer participate. Drellich says everyone did steroids just like everyone deflates balls.

More from this show

News & Analysis