Nah nah nah nah...nah nah nah nah...hey hey hey...good-bye
By Gordon Edes, Globe Staff | March 31, 2005
FORT MYERS, Fla. -- The Red Sox yesterday gave the Colorado Rockies the chance to solve the riddle that is Byung Hyun Kim, and took a major financial hit to do so.
The Sox, agreeing to pay all but roughly $315,000 (the major league minimum) of the $6 million owed in salary to Kim, traded the 26-year-old Korean reliever to the Rockies for a midlevel minor league prospect, lefthanded pitcher Chris Narveson, who was optioned to Triple A Pawtucket.
And in a bit of creative bookkeeping that resulted in a considerable tax savings for the Sox, Boston also received catcher Charles Johnson and his $9 million contract from the Rockies, then designated him for assignment and released him. The Rockies sent the Sox cash considerations to cover the difference in the salaries of Johnson and Kim, and because the cash in the deal flowed the Sox' way, they got the taxbreak. Johnson is poised to sign with the Tampa Bay Devil Rays.
None of this maneuvering would have been necessary if Kim had been the pitcher Red Sox general manager Theo Epstein envisioned when he signed him to a two-year, $10 million deal following the 2003 season, when Kim, newly arrived from the Arizona Diamondbacks in a trade for infielder Shea Hillenbrand, helped pitch the Sox into the American League Championship Series.
http://www.boston.com/sports/baseball/redsox/articles/2005/03/31/kim_on_the_road_to_rockies/