Gray declined his side of a $30 million mutual option for 2027 on Friday and is now a free agent, Mac Cerullo of the Boston Herald reports.
Gray will be paid a $5 million buyout instead. He'll have an exclusive negotiating window with the Red Sox for five days, but it's unlikely the two sides will reach an agreement before Gray is able to field offers from other clubs, as well. The 37-year-old went 18-5 with a 2.72 ERA, 1.15 WHIP and 149:46 K:BB over 169 regular-season innings in 2026.