I think it’s only insane if you remove the context of the Red Sox needing a SS. While I’ve heard some discussion of Coors somehow messing with the defensive metrics, and I’m not sure about Story’s grades anyway; I preferred Baez for this reason), I’m a bit more confident in the Sox’s internal metrics and analysis. Because of that and his age, I’d hope Story is possible to sign for a slightly shorter term than Baez, but I think the same plan could work, with Story starting out at 2B and serving as insurance if Bogarts walks.
Another option is to go all in on Correa. Of course it’s unlikely, but he’s a premium defensive SS with a great bat, and he’s literally the best available option. Of course with him I don’t love the injury history, likely cost, or participation in the banging scheme, but the Sox would be paying for more prime years than with any other option, which is what to look for when investing in a FA. It definitely makes things contentious with Bogarts, but if we accept that he’s not a viable SS anymore, then it does make sense to rip that particular bandaid off.
I think the most likely option is Chaim pulling a Igelsias-type out of his hat, but I’m not sure what FA option coming down the road the next few years (other than X and Devers) that would be worth spending on…