Possessing more than 15 years of experience as an investment banking professional, James "Jimmy" Ahern serves as a managing partner and the head of capital markets at Laidlaw & Company in New York City. In his leisure time, James “Jim” Ahern cheers on his favorite baseball team, the Boston Red Sox.
Facing questions about payroll and position battles for the upcoming 2020 season, the Boston Red Sox opted to keep some stability in the infield by re-signing first-basemen Mitch Moreland to a 1-year contract worth a guaranteed $3 million. There is also a club option to bring Moreland back for 2021. In signing Moreland to the team’s 40-man roster, the Red Sox needed to clear a roster space. It did so by designating Denyi Reyes, a right-handed pitcher, for assignment.
Boston will celebrate its 109th year in Fenway Park this season, but the team still needs to cut a significant amount of payroll to get under the $208 million soft cap. Spending beyond that incurs a luxury tax.
Facing questions about payroll and position battles for the upcoming 2020 season, the Boston Red Sox opted to keep some stability in the infield by re-signing first-basemen Mitch Moreland to a 1-year contract worth a guaranteed $3 million. There is also a club option to bring Moreland back for 2021. In signing Moreland to the team’s 40-man roster, the Red Sox needed to clear a roster space. It did so by designating Denyi Reyes, a right-handed pitcher, for assignment.
Boston will celebrate its 109th year in Fenway Park this season, but the team still needs to cut a significant amount of payroll to get under the $208 million soft cap. Spending beyond that incurs a luxury tax.
