In a blockbuster trade Friday the Los Angeles Dodgers sent outfielders Yasiel Puig and Matt Kemp, catcher Kyle Farmer, left-hander Alex Wood, and $7 million to the Cincinnati Reds in exchange for right-hander Homer Bailey and two minor leaguers.

Under baseball’s $206-million competitive-balance tax threshold, this move will save the Dodgers millions of dollars on salaries, freeing up a significant amount of money the franchise could utilize elsewhere.

The deal opens up outfield room in LA for free agent Bryce Harper, who is expected to command a record-setting 10-year contract in excess of $300 million.

With Kemp due $21.5 million for 2019, and Puig and Wood expected to get $22 million, the Dodgers will save approximately $26 million with the trade, getting them under the luxury tax.

Bailey is slated to make $23 million in 2019 and has a $5-million buyout for the 2020 season. Infielder Jeter Downs and right-hander Josiah Gray were the minor leaguers sent to Los Angeles.