* Alert - This post does not relate to Texas
Over the last 24 hours, the Boston Red Sox have signed JD Drew for 5 years at 14 million per; and Julio Lugo for 4 years at 9 million per.
JD Drew replaces, in effect, Wily Mo Pena in the lineup; while Julio Lugo replaces Alex Gonzalez.
During the 2006 season, JD Drew recorded a WRAP (Wins Above Replacement Player) of 7.3; Wilo Mo Pena, in roughly 3/5 of the ABs, recorded a WRAR of 2.3, which extrapolates (roughly) to a WRAR of 3.8 for the same number of ABs as Drew. Julio Lugo recorded a WRAP of 3.4; Alex Gonzalez had a WRAP of 1.5 in slightly fewer ABs, or roughly a 1.6 equalized to Lugo's ABs.
In summation, the Red Sox gain roughly 5 wins in those two transactions, translating to a whopping $5 million per win. Add those 5 wins to the Red Sox ledger last year, they finish 6 back of the Yankees and and 4 back of the wild card.
For some additional perspective, the notorious free-spending Yankees had a baseball-leading payroll of $198 million last year, and recorded 97 wins - translating to roughly $2 million per win. The Minnesota Twins, the team with the widely-recognized best GM in baseball, had a payroll of $64 million last year, and recorded 96 wins - translating to roughly $ 2/3 million per win.