The Red Sox released John Smoltz, according to Jon Paul Morosi of FOX Sports. They designated the veteran right-hander for assignment ten days ago and weren't able to work out a trade with any team. Smoltz will become a free agent Wednesday once he clears release waivers and should have a number of suitors to choose from at that point.
Any team that signs Smoltz will only pay him the pro-rated major league minimum; the Red Sox would have to cover the rest of his $5.5MM salary. Since bonuses are negated once a player's released, no team will have to pay Smoltz any incentives.