For years the Red Sox and Yankees have been among the biggest spenders in baseball. And it worked pretty well...for several years. Then, contracts esculated in both dollars and years. Teams began handing out long term contracts that would pay players more than $20 million into their 40s.
The Yankees have several long term contracts on aging players still on the books. The Angels paid many millions for Pujols and Wilson. The Phillies paid Halliday and Lee millions per victory last year. The Red Sox had millions invested in Crawford, Gonzalez, Beckett, and Lackey.
The Yankees were swept and out of the playoffs very quickly. The Angels, Phillies, and Red Sox were disappointing performers all season long and did not even reach the post season. Detroit was a big spender but almost did not make the playoffs and was eventually embarrassed by the Giants in the World Series.
Teams that were pretty much built around their farm systems did very well last season. Small payroll Oakland beat out both the the big spending Rangers and Angels. Cincinnati, Washington, and San Francisco won their divisions despite not spending too much on free agency. The Cardinals were in the playoffs despite losing Albert Pujols.
"The Times They Are a-Changin' " was a Bob Dylan song that described changes in the political and social climates of the 1960s, but it applies to the world in general as time passes. I believe times are a changin' in baseball. For one thing, the economic strength seems to be shifting westward. The Yankees have been quiet as the Dodgers and Angels out spend everyone.
The Red Sox seem to have many fans longing for the old days of signing the Mannys and trading for the Pedros. I believe those days are cycling past us for now. Times will be a changin' eventually...again, but for now the Sox will have to adjust.
The Dodgers did the Red Sox Nation a huge favor by taking three bad, bad contracts off their hands. Now, how do they proceed?