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How cautious should the Red Sox be with their payroll?

The Red Sox made their first real move of the offseason on Monday in signing Mitch Moreland to a two-year, $13 million deal. We went in-depth on all of the pros and cons with this agreement earlier today, but today I want to focus solely on the money side of things. Really, I want to look at the Red Sox as a whole, not just the Moreland deal. Over the last few years, we’ve been a lot more conscience of Boston’s payroll, particularly in relation to the luxury tax threshold. In the new CBA, the Players Union were crushed in negotiations in this regard and the luxury tax is serving as something closer to a salary cap than ever before.