An Estimate of Every Team’s Payroll Room
Free agency officially begins on Saturday. While clubs have had the right this week to negotiate exclusively with their own departing players, that stops tomorrow. Tomorrow, anyone can talk to anyone.
As we enter free-agent season and attempt to understand which deals are likely and which are less so, it helps to have a sense of how much each club has to spend. Last offseason unfolded slow: teams and players battled on contract terms until spring. When the dust finally settled, payroll hadn’t actually increased from the previous year — a relatively rare occurrence, especially in an era when the game is so financially healthy.
That lack of upward movement in salaries was attributed, in part, to the impressive free-agent class of this winter. By looking at payrolls from the past couple years, we can get an idea of who has the most money to spend and who will need to significantly increase payroll if they want to get in on free-agent spending.
To begin, let’s consider what payrolls looked like at the beginning of the 2018 campaign.
That massive payroll worked out pretty well for the Red Sox: the World Series winners took advantage of the attempt by others clubs to stay under the competitive-balance tax threshold. At the other end of the payroll spectrum, meanwhile, Milwaukee, Oakland, and Tampa Bay managed to win a bunch of games without spending big, though the relationship between payroll and wins remains relatively strong.