According to the Boston Herald's Michael Silverman, a source has indicated that the Red Sox and Dodgers massive nine-player trade is completed. Boston will receive $275 million in salary relief and luxury tax savings for both this year and the future, as well as pitching prospects, a major-league first baseman, and two intriguing, potentially useful minor-league position players.
This changes the direction of the Red Sox, giving them massive amounts of flexibility due to a reduced payroll and far fewer long-term deals. Boston only has to pay the Dodgers $12 million, or about four percent of the total money being moved, in order to get this flexibility. This just goes to show you how amazing Adrian Gonzalez's contract is, relative to other elite first basemen, as he essentially got the Sox over a quarter-of-a-billion dollars of salary relief as well as quality pitching prospects.
We'll have more on Boston's return later today, but for now, check out the breakdown of Boston's new financial situation.
[Update 9:50 am] It depends on who you ask, as Dodgers' beat reporter Dylan Hernandez says reports of the deal being finished are premature.
[Update 10:35 am] Nick Cafardo is reporting that it is indeed a done deal.