4 time All-Star SS Edgar Renteria has signed a 4 year, $40 million deal with the Red Sox. In the same report from the Globe’s Indira Lakshmanan, Bronson Arroyo spoke of being trade bait in Boston’s hunt for an elite starter to replace Pedro Martinez in their rotation.

“If I look at it realistically, there aren’t that many guys on our team who are young and fairly cheap like me and Kevin Youkilis and Mark Bellhorn, so I would expect my name to be out there a little bit,” Arroyo said before word broke of Martinez’s departure. “It would be a disappointment if they traded me, but it’s a business and I understand that.”

Arroyo, 27, emerged as one of the best bargains among American League starters last season as he earned $332,500 and went 10-9 with a 4.03 ERA and ranked among the leaders in batting average allowed (.249) and fewest walks per nine innings (2.4), among other categories.

He had planned to spend part of the winter scuba diving near his Florida home with teammate Lenny DiNardo, but his plans have changed amid a flood of opportunities after the World Series. A moonlighting musician, Arroyo is most intrigued about traveling to Los Angeles next month to record an album he expects to be distributed by Warner Brothers.