FanShot

Red Sox claim Giles, talking trade with Padres

13

Hey, he's better than Lofton. You know how this works, right? 1. The two teams can work out a trade. 2. Padres can revoke the waiver and take Giles back, after which he can't be traded this season. 3. Padres can let Giles go to the Red Sox for nothing, making them responsible for his entire remaining contract. 4. Giles can veto any of the above or place his own conditions on allowing it to go forward. Giles has a limited trade veto clause in his contract. (He actually doesn't become a 10/5 player with full trade veto rights for another 18 days.) He's owed about $2.5 million for the rest of this season and has a $9 million club option or $3 million buyout for 2009. His contract also calls for a $2 million salary bump if he's traded — I assume that that applies to only the remaining part of the season (about 550K if so) and to 2009 if (and only if) the club option is picked up. He could ask the Red Sox to pick up the 2009 option at $11 million in order to approve the deal. Then again, he could ask them to decline it — collect his 550K trade bonus and his $3 million buyout and go back on the free agent market. He's posted an 815 OPS this year in Petco, one of the most difficult parks to generate any power numbers, and he's likely to do well in Fenway as a lefty gap hitter. He's 37.

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