According to multiple reports, the Red Sox have swung a rare trade with the Yankees, acquiring reliever Adam Ottavino and minor-league pitcher Frank German. The Red Sox will be sending back a player to be named later or cash. The deal was first reported by Lindsay Adler.
The 35-year-old Ottavino, who the Red Sox explored signing prior to the 2019 season, is owed $8 million in 2021, the final year of his three-year deal. The Sox are expected to take on the entire luxury tax hit, which represents the biggest value for a Yankees team attempting to stay under the Luxury Tax Threshold.
After a standout first season with the Yankees in 2019, compiling a 1.90 ERA in 73 appearances, the former Northeastern University product struggled in his 24 games last season. Ottavino allowed 12 runs in 18 1/3 innings during 24 2020 appearances.
It is the first trade between the organizations since 2014 (Stephen Drew for Kelly Johnson), and only the second time Yankees general manager Brian Cashman has executed a transaction with the Red Sox.
The Sox need to clear up room on the 40-man roster for Ottavino and three free agents they have recently agreed to terms with -- Martin Perez, Kiké Hernandez and Garrett Richards. Currently the roster stands at 39 players.
More to come ...