The Red Sox are willing to offer Bay $60 million. They shouldn't do it.

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That’s the rumor Jon Heyman is spreading: The Sox stand ready to offer Bay $15 million per year over four years.

This doesn’t pass the smell test for me. Why on Earth would the Sox make an offer to Bay before seeing whether or not Matt Holliday — an obvious upgrade over Bay — can be had?  If it is a legitimate offer, my guess is that the Sox are making it with some suspicion that Bay won’t take it, thereby allowing them to tell their fans that they made an effort to retain the popular Bay before letting him go elsewhere.  This is supported by Heyman’s saying in the same tweet that the Mets and Giants might offer Bay more.

Of course, there’s a good argument that even $15 million is too much for Bay.