According to The Globe's Extra Bases, John Smoltz and Rocco Baldelli are the newest members of the Boston Red Sox:

Smoltz, 41, will sign a $5 million guaranteed deal with Boston that includes the possibility of earning another $5 million in bonuses. The Smoltz deal was expected to be finalized later today according to a source familiar with the negotiations, the AP reported.

The Red Sox did not announce terms of Baldelli's contract, but a baseball source told the Globe that he will receive $500,000 guaranteed, and can earn another $1.75 million in bonuses solely for remaining on the active roster -- in other words, his salary would be $2.25 million if he remains on the active roster all season.

On top of that, the 27-year-old also has significant bonuses based on plate appearances that could elevate the value of the contract to as high as $7.5 million, though that number is attainable only if he makes 600 plate appearances, which is highly unlikely.

If Baldelli and Smoltz are healthy, the Red Sox are making out like bandits. Both of these moves give the Sox a lot