Drew accepts the QO, which gives the Red Sox about $28 million left to spend. Ellsbury is going to command $20 million at least. Signing him would leave only $8 million to fill catcher and first base.
The one year upgrade from Buchholz to Shields probably isn't worth Cecchini and Owens. I'd trade those two for a player that we could have on our roster for multiple years.
I'd like to see them trade for Carlos Gonzalez, resign Napoli, and sign McCann. However, I can't really make any serious projections until after the QO period.