1. Actually the mere fact that they agreed to that clause is a huge deal, and shows just how desperate they were for money. Don't you think they could have gotten a loan somewhere else that didn't include a stipulation in which almost 2/3 of the entire team would be transferred if they weren't able to pick up $200mm over the next 3 years?
How the hell can you construe any sort of confidence in a team when they're literally giving away a 33% share because they can't make payroll and are having to borrow $200mm. It blows my mind that you think this team has confidence that they can repay this amount. They're GIVING away a 1/3 ownership of their team. Even if he gets repaid. He keeps the ownership.
2. This is a good point, but the Red Sox are one of the few teams who can go out and make a deal quickly and pick up a majority of these salaries. Beltran + Reyes makes a combined $29.5mm this year. If the Sox picked these guys up after 70 games and ate 75% of their salaries, they would be giving up those 4 prospects + $12.56mm. The quicker you act, the cheaper (in prospects) the trade. And there are very few other teams who can afford to pick up 75% of the salaries.
3. $3mm? You do realize that, as of game 70, these two players are owed $16.75mm, right? That's a pretty significant amount of money.
4. Wright has 2 years left on his contract. Reyes and Beltran are gone after this year. By dumping these two players, they don't affect years 2012 on.