Alex Speier of the Boston Globe noted Ramirez is still owed more than $15 million this season.
The Red Sox have seven days to either trade Ramirez or release him. Let's get messy and identify some potential landing spots.
During his four seasons with the Red Sox, Ramirez batted.260 with 78 homers and 255 RBIs.More news: No comeback for Terrell Owens, just Madden cover
Pedroia, 34, has yet to take the field for the Sox this season thanks to offseason surgery to address a cartilage issue in his left knee.
Ramirez is in the midst of an 0-for-20 slump, but was off to a decent start to the year.
The Boston Red Sox are parting ways with slugger Hanley Ramirez, team president Dave Dombrowski said.
Ramirez was well on pace to reaching the minimum number of at-bats which would have automatically triggered the 2019 season in his contract, which would have paid him $22 million. With a total of 497 plate appearances this year, Ramirez would be guaranteed another $22 million next season.More news: Lung Cancer Rate Now Higher in Young Women Than Young Men
Both of Boston's big free-agent signings ahead of the 2015 season have been designated for assignment.
The situation is an odd turn in a season in which Ramirez began as a force in the middle of the AL East-leading Red Sox's lineup. Swihart, a switch-hitter, can now see more time at designated hitter. His defense at first base couldn't make up for his offensive liabilities, especially with former Gold Glover Mitch Moreland also available.
The 34-year-old Pedroia, a four-time All-Star, had been Boston's opening day second baseman every year from 2007-17.More news: Adam Levine and James Corden Get Stopped by Police on 'Carpool Karaoke'