With last week’s lockout of the players by ownership, the league has frozen all transactions for the foreseeable future. That’s bad news — but it also makes this a good time to take a snapshot of team payrolls, because there are no new deals coming down the pipe to mess up the analysis midway through. As such, the following is an update on each team’s payroll as it stood at the start of the lockout. Here are our team-by-team RosterResource projections:

A few notes, some of which will likely be familiar to you if you followed past versions of this exercise written by former FanGraphs writer Craig Edwards. The above data counts salaries for 2022, not average annual values. It includes estimates for arbitration, as well as estimated minimum salaries paid throughout the season; our payroll pages currently use the 2021 league minimum, but that number could change in the upcoming CBA. The numbers don’t include incentive bonuses, or a few specific CBA wrinkles, such as the approximately $2 million that teams pay to players who aren’t in the majors but are on the 40-man roster or the roughly $16 million per team spent on player benefits. They also don’t include as-yet-unsigned free agents, naturally.
The Mets’ recent signing spree, combined with the Dodgers’ losses in free agency, has seen the two teams change places at the top of the payroll standings (somewhat surprisingly, the Mets finished as the second-highest spenders in 2021). All told, there are three teams (the Mets, Dodgers and Yankees) that are currently projected for more than $200 million in player salaries in 2022, the same number (and the same teams) as last year. Meanwhile, there are two teams (the Pirates and the Guardians) with projected payrolls below $50 million, one more than last year, and neither of those teams is likely to make meaningful free agent signings when transactions resume. Read the rest of this entry »