In 2002, the Red Sox were sold by Yawkey trustee and president Harrington to New England Sports Ventures, a consortium headed by principal owner John Henry. Tom Werner served as executive chairman, Larry Lucchino served as president and CEO, and serving as vice chairman was Les Otten. Dan Duquette was fired as GM of the club on February 28, with former Angels GM Mike Port taking the helm for the 2002 season. A week later, manager Joe Kerrigan was fired and was replaced by Grady Little.
While nearly all offseason moves were made under Dan Duquette, such as signing outfielder Johnny Damon away from the Oakland A's, the new ownership made additions after their purchase of the team, including trading for outfielder Cliff Floyd and relief pitcher Alan Embree. Nomar Garciaparra, Manny Ramírez, and Floyd all hit well, while Pedro Martínez put up his usual outstanding numbers. Derek Lowe, newly converted into a starter, won 20 games—becoming the first player to save 20 games and win 20 games in back-to-back seasons. The Red Sox won 93 games but they finished 10˝ games behind the Yankees for the division and 6 behind the Angels for the AL wild card.
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