Source: The Yankees have traded Adam Ottavino to the Red Sox.— Lindsey Adler (@lindseyadler) January 25, 2021
Here’s something you don’t see too often: the Yankees and Red Sox have struck a deal. Adam Ottavino has been shipped out to Boston in what assuredly is a salary dump. Ottavino is due $8 million in 2021 and a $3 million signing bonus in 2022, of which Boston will pay all but $850,000. For doing the Yanks this favor, the Red Sox also acquired prospect Frank German, a right handed pitcher.
This move subtracts $8.15 million from the Yankees’ payroll for luxury tax purposes (Ottavino’s hit was $9 million, now reduced by the $850k). You have to figure that this is a precursor to more activity coming, such as a reunion with Brett Gardner.
Additionally, this trade clears up another 40-man spot. The Yanks now have two open, so the DJ LeMahieu and Corey Kluber deals will likely become official in short order.
Ottavino initially signed a three-year, $27 million contract with the Yankees ahead of the 2019 season. The righty posted a 2.76 ERA in 84.2 innings with the Bombers, his hometown team. He was often inconsistent and didn’t have complete trust of his manager Aaron Boone, as evidenced by sparse usage in the last two postseasons.
German, 23, was the Yankees’ 4th round pick in 2018 and is Rule 5 eligible this winter. He last pitched in High-A in 2019 and recorded a 3.79 ERA and 4.19 FIP in 76 innings. He was the club’s 24th-best prospect per MLB Pipeline.
This is the first trade between the two sides since the Stephen Drew for Kelly Johnson swap in 2014. Before that, the last trade between the Yanks and Boston occurred in 1997.