Red Sox Sign Scutaro

Marco Scutaro has agreed to a contract with the Boston Red Sox. Terms have been slow to come out, but Buster Olney reports via Twitter it’s a two-year deal that guarantees $12.5 million over two years, that could go a third year—$14 million total if Scutaro picks up the option or $17 million if the Red Sox pick it up the option.

In reality, the deal will almost certainly pay out a minimum of $14 million, because if Scutaro tanks, he’ll pick up the option. So, at a minimum, it’s a two-year, $14 million deal. A third year is gravy or a sunk cost that you write off. If he ages normally, the Sox will gladly pick up a cheap option. The Red Sox also must forgo their first-round draft pick, because Scutaro is a Type A free agent.

My take: an excellent deal for the Red Sox. I estimate that Scutaro will be worth about $20 million over the next two seasons. While his bat may not be much, he’s a good defender (Plus/Minus of +12 and +16 at shortstop the past two seasons) at a tough defensive position.

3 Responses “Red Sox Sign Scutaro”

  1. Tim says:

    You said it is at least 2 years at 14 million. Isn’t it going to be at least 26.5? I don’t see him turning down the option if he’s tanking and I don’t see the Red Sox turning it down if he’s on fire. Explain why it is 2 years and 14 mill?

  2. JC says:

    $14 million total. If he picks up his option for year three and the Red Sox cut him, he will end up with $14 million.

  3. Tim says:

    Thanks for the clarification!