The San Diego Padres, St. Louis Cardinals, Chicago White Sox, and Cincinnati Reds are among the teams in play for Price, while the Los Angeles Angels have also reportedly been in contact with the Red Sox.
Price, 34, has three years remaining on his $217-million deal and is still owed $96 million. The former Cy Young winner's seven-year contract with the Red Sox stood as the record for a pitcher until this winter, when it was broken by Stephen Strasburg's seven-year, $245-million deal and then one day later by Gerrit Cole's nine-year, $324-million contract.
The five-time All-Star is coming off of an injury-plagued season that saw him author a 4.28 ERA and 3.62 FIP over 107 1/3 innings while posting a 28% strikeout rate - the best mark of his career.
Since signing with the Red Sox, Price has not made an All-Star appearance or garnered a Cy Young vote, and has eclipsed the 200-inning plateau once.
Price's deal does not include a no-trade clause. Boston, under new chief baseball officer Chaim Bloom, is reportedly interested in shedding approximately $18 million in salary in order to get under the luxury tax threshold.