11:09am: The teams have now formally announced the deal. The Red Sox transferred righty Bryan Mata to the 60-day injured list to open a spot on the 40-man roster.
11:04am: Boston is sending one prospect from their Dominican Summer League affiliate to the Dodgers in the deal, Ardaya reports. That’ll be 17-year-old infielder Moises Bolivar, Alex Speier of the Boston Globe reports.
10:52am: A deal sending Paxton from L.A. to Boston is done, ESPN’s Jeff Passan tweets.
10:48am: The two sides are closing in on a deal, tweets The Athletic’s Fabian Ardaya.
10:08am: The Red Sox and Dodgers are in talks on a trade that would send lefty James Paxton to Boston, reports Robert Murray of FanSided. Los Angeles recently designated Paxton for assignment with hopes of quickly finding a trade partner for the veteran southpaw. WEEI’s Rob Bradford reported yesterday that the Red Sox, who need some rotation stability and who employed Paxton from 2022-23, were expected to pursue him.
Paxton’s DFA was something of a surprise, given that he’s made all 18 starts asked of him this season and posted a respectable, if unspectacular 4.43 earned run average. Those numbers closely mirror the 4.50 ERA he logged in a similar sample of 96 frames with Boston last season, but the rest of the 35-year-old’s profile doesn’t look nearly as strong.
After averaging 95.2 mph on his fastball with the Sox last season, Paxton is down to 93.2 mph in 2024. He’s seen his strikeout rate plummet from 24.6% to 16.4%, while his walk rate has soared from 8% to 12.3%. Paxton’s average exit velocity has also jumped by a mile and a half per hour, from 89.3 mph with the Sox to 90.8 mph with Los Angeles. His overall hard-hit rate has climbed in similar fashion, from 39.6% to 43.3%. He’s gotten by with a career-low .267 average on balls in play and homer-to-flyball rate that’s also notably lower than his career marks.
Whether Paxton can sustain his passable results with that lackluster array of under-the-hood numbers is far from clear, but the Sox also don’t necessarily need him to perform like an front-of-the-rotation arm. Boston’s depth behind Tanner Houck, Kutter Crawford, Nick Pivetta, Brayan Bello and Cooper Criswell is thin, and several of those arms (Houck, Crawford, Criswell) are either approaching or have already established new career-high workloads. Adding a stable back-end arm surely holds plenty of appeal for a team in that situation — particularly given Paxton’s affordable contract.
Paxton inked a one-year deal with $7MM guaranteed and another $6MM in attainable bonuses. However, $3MM of that guarantee came in the form of an up-front signing bonus that’s already been paid out. He’s also already unlocked all $6MM of incentives ($2MM for making the Opening Day roster and another $4MM based on his number of games started). As such, the Red Sox will only owe him the prorated portion of that $4MM base between now and season’s end (approximately $1.42MM).
That modest sum bumps Boston’s payroll to an approximate $180MM. Their luxury-tax ledger is a good bit higher, checking in at an estimated $218.1MM prior to this swap (via RosterResource). Paxton will push the Sox just shy of $220MM, leaving chief baseball officer Craig Breslow and his staff about $17MM of breathing room between their current number and the first luxury tax threshold. Breslow & Co. should have ample room to make further additions, even if ownership is reluctant to cross that first tax threshold. Boston, in addition to seeking rotation depth, has been in the market for bullpen upgrades and a right-handed bat.
More to come.