The Pirates completed a trade on Wednesday that sent Joel Hanrahan and Brock Holt to the Red Sox for Mark Melancon, Jerry Sands, Stolmy Pimentel and Ivan De Jesus. The deal increases organizational depth for the Pirates and gives them a solid reliever in Melancon. The deal also effectively makes Jason Grilli the new Pirates closer. Grilli, who was recently re-signed to a very affordable two-year, $6.75 million contract was probably the better bet to close in Pittsburgh even with Hanrahan present.
The subsequent trade of Hanrahan only enhances the value of the contract he signed. Grilli certainly would have been paid more money had he entered free agency as a closer or a reliever seeking closing opportunities. Given his numbers over the last two seasons, it wouldn’t have been crazy to suggest him as a legitimate closer candidate somewhere. Instead, even with strong interest from about half of the league, Grilli stayed in Pittsburgh on a team-friendly contract fit for a 7th or 8th inning reliever.
While Holt, Sands, De Jesus and Pimentel all play a role in this deal, the trade really benefits the Pirates by increasing the cost-effectiveness of their bullpen and allowing them to reallocate their savings to other areas of need. The Pirates essentially replaced their closer with a better and cheaper alternative, brought back another cheap reliever whose peripherals closely match that traded closer and signed a starter with the savings.