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The A's have traded closer Andrew Bailey to the Red Sox. In addition to Bailey, outfielder Ryan Sweeney is headed for Boston.
The deal was first reported by ESPN's Buster Olney. The A's made a formal announcement via press release at 2:40 p.m. Wednesday. Oakland will get outfielder Josh Reddick, 20-year-old infielder Miles Head and and Raul Alcantera, a 19-year-old pitcher.
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Bailey, 27, is the third member of their pitching staff to depart via trade this offseason. Earlier this month, Oakland parted ways with Trevor Cahill and Gio Gonzalez as part of a cost-cutting effort.
CSNNE.com: Bailey reacts to the trade
Bailey missed two months of the 2011 season wtih a forearm strain and elbow inflammation but the 2009 AL Rookie of the Year and two-time All-Star still finished with 24 saves, including converting his final 15 opportunities.
Reddick posted a .280 batting average in 87 games for Boston in 2011. He had 18 doubles and seven homers. He was drafted by Boston in the 17th round of the 2006 MLB Draft and made his big-league debut on July 31, 2009.
Oakland Athletics
Reddick started 2011 in Triple-A Pawtucket, but was recalled in May 26, 2011 after Darnell McDonald was placed on the 15-day disabled list with a strained left quad. The 24-year-old was able to stay in the majors after the Red Sox designated Cameron for assignment on June 29, 2011.
RELATED: CSNNE profiles Miles Head
Head hit .299 with 22 home runs and 82 RBI in 129 games with the Red Sox two Single-A affiliates at Greenville and Salem. He ranked seventh among all Single-A hitters in total bases (255) and tied for 10th in doubles (37) and extra base hits (61). The 20-year old right-handed hitter was originally selected by Boston in the 26th round of the 2009 draft.
Alcantara combined for a 1-4 record and a 2.20 ERA in 13 starts with Single-A Lowell and the Red Sox affiliate in the Gulf Coast League. He struck out 50 and walked just 12 while holding the opposition to a .208 batting average. The right-hander did not allow a home run in 65.1 innings. Alcantara was originally signed by the Red Sox as a non-drafted free agent out of the Dominican Republic on July 2, 2009.
Bailey is from New Jersey but spends his offseasons in New England. He lives outside of New Haven, Conn., where his wife grew up.
He has 75 saves and a 2.07 ERA over the past three seasons. He is scheduled to earn 465,000 this year.