Wagner Traded to Red Sox

Well, after all the posturing and whatnot, Billy Wagner agreed at the last minute this afternoon to a trade to the Red Sox. The Sox had claimed him off waivers, and had until 1 PM today to swing a deal with the Mets. The Sox will send two players to be named later to the Mets.

The Red Sox will pick up his contract for the final month of this season, which will be about $2 million. The Sox will not pick up his $10 million option for 2010, so Wagner can walk away as a free agent after this season. The Red Sox can offer him arbitration, and can get two draft picks as compensation should he walk.

Wagner figures to be used as a lefty setup man for Jonathan Papelbon.