Boston Red Sox principal owner John Henry said Friday his team wants to be under the first level of MLB's competitive balance threshold for the 2020 season, according to Jason Mastrodonato of the Boston Herald.
"This year, we need to be under the CBT and that was something we've known for more than a year now," Henry explained. "If you don't reset there are penalties, so we've known for some time now we needed to reset as other clubs have done."
With that said, Red Sox chairman Tom Werner explained the team still plans to be competitive.
"Our real intention is to be competitive every year and we'll do whatever we have to to do that," Werner said. "The solution to that isn't always having the highest payroll in baseball."
In order to get under the $208-million threshold and reset their current tax penalties, the Red Sox will need to restructure their payroll in a major way, indicating a clear change of direction, Mastrodonato notes.