Red Sox principal owner John Henry sets target for 2020 budget

In 2019 the Boston Red Sox felt the sting of exceeding Luxury Tax threshold and ownership wants to get the budget back under control ahead of 2020.

Budgets are a key essential to everyday life. Whether you’re trying to save up for a vacation or pay down a loan. Making sure you have the right amount of money allocated to reach your goals is important. The Red Sox aren’t immune to budgeting and it looks like the funds are about to get slashed.

Boston had the highest payroll in the MLB this past season and all it got them was a third-place finish and a head start to the offseason. Per Spotrac, the Red Sox carried a $241M payroll for 2019 which also earned them a $12.6M penalty for exceeding the…