Hanrahan has some major control issues last year he walked 36 in 59.2 innings. That comes out to 5.43 BB/9 which is terrible. He does K 10 per 9. The AL east teams with deep lineups and the DH will make this guy prove he can throw strikes. There are gonna be alot of 25-30 pitch innings in Fenway.
Cherington has a lousy track record in building his pen. Bard has been a yo-yo. Melancon was traded for the valuable Lowrie. The injury prone Bailey was injured and Reddick hit 32 homers at age 25. Meanwhile Papelbon had a great year for a bad Phillie team. Soriano who has proven he can pitch in the AL east would have been a good signing. I have my doubts about the Hanrahan move.
Couple of things you touched on.
Who cares about Papelbon, giving a 31 year old closer a 5/60 deal or whatever it was is nuts. Yeah, he looked good in the first year he was gone - as he is supposed to - as he should for the next 1-2 years as well. Its the 4th and 5th year when he's taking in 13 or 14 mil where the Phillies are going to be shaking their heads.
Soriano - The Sox would be stupid to give up their 2nd round draft pick (roughly 50th overall) for a closer. It's not like they are a closer away from competing for a championship. The Hanrahan deal was as much to clear out some guys from the 40 man as they were having a numbers crunch and had to get something for some guys who may be AAAA guys or maybe have a small impact in the majors. None of the guys they gave up are eye openers. Actually the best minor leaguer that was given up may turn out to be that Brock kid, although if Sands proves his power is more than just pacific-coast minor league inflated, we'll see.
Melancon and Bailey underperformed big time no doubt. But if you look at the potential of the current pen I'd say it's pretty darn good.
Hanrahan
Bailey
Tazawa (very impressive last year and may end up being a closer in 1-2 years)
Miller
Breslow
Bard (if he returns anywhere close to his old form)
Some very good arms down there and you throw in Aceves that knucklehead if he's still on the team and he's a great piece as long as you keep him away from the end of the game.