We will probably be picking up Youk's club option at the end of the year, if not he will be a free agent at the end of the year. We may just pick up his option in order to trade him away to the Reds, since that is his preferred team.
Jacoby Ellsbury is arbitration eligible for 2013, so if he performs like he did last year we will probably let him accept arbitration in 2013 and make a long-term deal during the season to avoid luxury taxes. Hopefully, he will accept the arbitration for 2013 to help the team, instead of making us go after him AND Ethier or Hamilton. Similar to what Gonzo and Beckett did in order for us to sign free agents. Although, it is worth noting that he is a Scott Boras client which means that he will probably not be accepting arbitration next year if he has another 30/30 or even a 20/20 year.
Scutaro will be a free-agent, so dependent entirely on Iglesias' improvement this year, and whether we can field him at that position in the Majors, we may have to go out and re-sign Scutaro, trade, or bring in another FA.
Big Papi will be a free agent after this, but Lavarnway will be filling that role. So this should be the last year that Papi wears the Sox uniform, unless we extend the 'Tek style minor league contract.
Dice-K will also be a free agent, but I don't see the Sox signing him unless it is to a MUCH smaller contract.
Lester will have the potential to void his 2014 club option if he finishes first or second in the Cy Young voting, but that is only if we decide to trade him 2014.
Jenks, Miller, Padilla, Silva, Cook, etc. of reclamation projects are free agents at the end of the year but I doubt any of those will matter.
With Ethier accepting a one year contract to avoid arbitration it still does not change anything, since the new contract is for 2012 and has no club options. The Red Sox front office will be watching the new Dodger's management to see if they will work out an extension or new deal with Ethier. If they do, than they will have to pursue and pay Hamilton a great deal more money. I personally would prefer Ethier over Hamilton since he is fast, hits for average and has a great opposite field swing that would allow him to smack quite a few into the green monster.
Matt Cain will be our primary target in 2013, period. We will sign him if the Giants are not willing to pony up the money, and even if they do we are going to overpay for a dedicated ace. If the Texas Rangers do not sign Darvish than they will be our primary contenders for Cain, with the Yankees basically taking themselves out of contention by signing Kuroda and breaking their tax bubble. Although, the Yankees will play the Crawford game and try and drive the price up by bringing Cain in to talk.