Carrigan started his career as a platoon catcher. In 1913 he took over the defending World Series champion Red Sox as a player-manager. Carrigan led Boston to a second place in 1914 and two championships in 1915 and 1916, compiling an 8-2 record as a manager in World Series play. He then quit his baseball career to become a banker in his home state of Maine.
Bill Carrigan died in Lewiston, Maine, at the age of 85.