I think a fundamental question for the FO is to first ask how much money are they willing to spend? They spent $ 143,026,214 in 2007. Of the players who are signed through next season:
[table]Player|2008 Salary
M. Ramirez|$20,000,000
J. Drew|$14,000,000
D. Ortiz|$12,500,000
J. Lugo|$9,000,000
J. Varitek|$9,000,000
D. Matsuzaka|$8,000,000
J. Beckett|$9,500,000
T. Wakefield|$4,000,000
C. Crisp|$4,750,000
J. Tavarez|$3,850,000
A. Cora|$2,000,000
H. Okajima|$1,250,000
C. Hansen|$700,000[/table]
By my count, that's $98,550,000, assuming JT's option is picked up.
Then you have the people who are potential free agents:
[table]Player|2007 Salary
C. Schilling|$13,000,000
M. Clement|$9,500,000
M. Lowell|$9,000,000
E. Hinske|$2,800,000
M. Timlin|$2,800,000
D. Mirabelli|$750,000
K. Snyder|$500,000
B. Corey|$500,000
J. Lopez|$400,000
B. Donnelly|$1,400,000[/table]
You also have to factor in Eric Gagne, Bobby Kielty, and Royce Clayton.
All in all, we see that $41,150,000 is coming off the books as of now, not including what we pay the other three.
Kevin Youkilis, Javier Lopez, Kyle Snyder, and Brendan Donnelly are all arb-eligible.
Papelbon, Buchholz, Ellsbury, Delcarmen, etc. are still under the Sox's control.