Epstein and Red Sox preparing to be offseason's biggest spenders

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Peter Abraham of the Boston Globe did some inferring based on a few Theo Epstein statements and came to the conclusion that the Red Sox may be preparing to spend a whole bunch of money this offseason
Epstein mentioned to Abraham that part of the motivation for restructuring Tim Wakefield’s contract yesterday was to save $1.5 million under the competitive balance tax. As the general manager put it: “That’s important because there are some things we want to do this winter and we don’t have a ton of room under the CBT.”
That statement seems fairly innocuous until you realize that the CTB threshold for 2010 is $170 million. Not only was the Red Sox’s payroll this year “only” $125 million, Abraham did some math on likely arbitration raises for Jonathan Papelbon, Jeremy Hermida, Hideki Okajima, and Ramon Ramirez, and came to the conclusion that they’ll have about $109 million committed for next season before doing anything via free agency.
Here’s more from Abraham:

Let’s say they sign Jason Bay for $18 million. So now they’re at $127 million. Where is that extra $43 million coming from that Theo seemed concerned about? Are the Red Sox leaving room for Roy Halladay and some other superstar? This is total conjecture, of course, and perhaps Epstein was just musing out loud. But perhaps that was a clue that the Sox are, if nothing else, giving themselves the option to make a huge splash.

Last offseason the Yankees were the biggest of big spenders, but this time around it looks like the Red Sox are positioning themselves to do some serious shopping.

Josh Johnson retires from baseball

PEORIA, AZ - FEBRUARY 21: Josh Johnson #55 of the San Diego Padres poses during Picture Day on February 21, 2014 at the Peoria Sports Complex in Peoria, Arizona. (Photo by Mike McGinnis/Getty Images)
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Oft-injured pitcher Josh Johnson is retiring from baseball, ESPN’s Jerry Crasnick is reporting.

Johnson, 32, hasn’t pitched in the majors since 2013. The right-hander underwent his third Tommy John surgery in September 2015 but wasn’t able to bounce back.

Johnson spent most of his career with the Marlins, but also pitched for the Blue Jays in the big leagues, as well as the Padres in the minors. He retires with a career 3.40 ERA, 915 strikeouts across 998 innings in the majors, and two All-Star nominations. Johnson led the National League with a 2.30 ERA in 2010, finishing fifth in NL Cy Young Award balloting. One wonders what he could have accomplished if he was able to stay healthy.

Report: Angels close to a multi-year deal with Luis Valbuena

HOUSTON, TX - JULY 08:  Luis Valbuena #18 of the Houston Astros hits a three run walkoff home run in the ninth inning to defeat the Oakland Athletics 10-9 at Minute Maid Park on July 8, 2016 in Houston, Texas.  (Photo by Bob Levey/Getty Images)
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The Angels are nearing a multi-year deal with free agent third baseman Luis Valbuena, Jeff Fletcher of the Orange County Register reports. It’s believed to be a two-year contract with a third-year option.

Valbuena, 31, hit .260/.357/.459 with 13 home runs and 40 RBI in 342 plate appearances in 2016. He missed most of the second half with a hamstring injury, for which he underwent surgery in late August.

Valbuena has played a majority of his career at third base, but also has extensive experience at second base and has racked up innings at first base and shortstop as well. He won’t play every day for the Angels, as Yunel Escobar lays claim to third base and C.J. Cron first base, but he will give them flexibility and a left-handed bat off the bench.