July 31, 2007
NEW YORK – The Boston Red Sox have acquired right-hander Eric Gagne from the Texas Rangers for left-handed pitcher Kason Gabbard and minor-league outfielders David Murphy and Engel Beltre, according to multiple sources.
In the meantime, the Red Sox and Gagne continue to talk about Gagne's role and, if Gagne is going to spend most of his time in Boston as a setup man. Gagne was due about $4 million in incentives based on games finished. That would be altered, based on appearances.
Jonathan Papelbon is expected to continue as the closer, though Gagne will fill in occasionally.