Preliminary 2010 payroll figures

by 23 Comments

Remembering Matt Nokes
Open Thread: A walk around the blog

With all of this talk about the Yanks’ budget, the latest from Maury Brown should pique fans’ interests. The Biz of Baseball writer is projecting 2010 salaries based on available information. He covered the Yankees yesterday and determined that the team has committed $198 million to 18 players. The Yanks will renew their pre-arb players soon enough and will see the budget climb to over $200 million. If the team wants to be able to fill holes during the season and adhere to their budget, that should be it for the team’s Hot Stove spending.

Remembering Matt Nokes
Open Thread: A walk around the blog
  • http://mlbnewsrumors.com Johnny

    Bummer, I love the rumor mill.

  • 28 next year

    the red sox beat last years end of year salary by over 30 million. But of course no one is hitting them with cries of lavish spending because they are a small market team that can’t handle increases of 30+ million in payroll from year to year. Of course, the Yankees spent too much last year on three free agents even if their payroll went down.

    • Hey ZZ

      Make that by over 40 million.

      They have to pay 10 million for Lugo and 1 million for Wagner

      • Hey ZZ

        edit: 9 million for Lugo

        But all of Theo’s signings are genius so that does not matter

    • Lanny

      Amazing that so many get bent out of shape by the media and the Sox. Who cares?

  • Hey ZZ

    How do mL deals work in terms of the payroll?

  • Hey ZZ

    “And, there’s bound to be more salary added to the listing, as these players are under 3 years of service time, and are on year-to-year renewals: Joba Chamberlin, Philip Hughes , Brett Gardner, Alfredo Aceves and Edwar Ramirez. Odds are the Yankees could meet their $220,024,917 end of year salary they had last season.”

    How the hell does that math work? 22 million for Joba, Hughes, Gardner, Ace, and Edwar?

    • http://www.secondavenuesagas.com Benjamin Kabak

      I don’t believe the $220M figure, but I could see the Yanks taking on another high priced player at the deadline. With the commitments to the pre-arb guys and another acquisition, $210 million isn’t out of the question.

    • 28 next year

      well their is igawa, brackmen and minor league deals along with all the replacement players over the course of the season. It adds up

    • radnom

      Perhaps this includes playing time based incentives for some of the other contracts, which wouldn’t count in the 198 million?

    • BBFan

      I think it includes insurance and player benefits.

  • mustang

    Oh my God 198 million !!!!!

    They are going to go over the 200 million death mark causing every first born Steinbrenner to spontaneously self-combust.

  • AndrewYF

    Actually, he miscalculated Cano’s 2010 salary, which is $9 million.

  • Slugger27

    198 seems awfully low… i had them at 207 before igawa

    • Slugger27

      ahhh… problem was he screwed up cano, and im counting the whole 40man while he isnt

  • Lanny

    Funny that now 200 is some hard line. They shouldnt even acknowledge a number and let the writers and the haters stew. Them even declaring 200 is a hard number is a joke. Because we all know during the season if they need something they wont hesitate to add money.

  • Maury Brown

    Those asking about reaching the large gap ($220M). 40 man payroll at the end of the season

  • Pete C.

    Has anyone asked about the tab for the luxury tax?

  • http://www.bizofbaseball.com Maury Brown

    First off, a reader noted that my salary figure for Cano was off (had $6.75 million, when it should be $9 million). I have adjusted, and with that, the new total for the 18 players is $200,990,000.

    As for “tab” for the Luxury Tax. The threshold is $170 million, and yet again, the Yankees would be hit with a 40% rate for breaking the threshold 3 or more consecutive times. For just the 18 players, that would come out to $12,396,000 (40% tax for dollars above the threshold). Last year, the club paid $25.69 million.

    • http://www.bizofbaseball.com Maury Brown

      By the way… More than a few have incorrectly assumed that the Luxury Tax is the same as revenue sharing. It’s not.

      To allow the LT to get implemented in the first place, the players agreed to the soft cap, but only if a sizable portion came back to them. So, when collectively bargained the lion’s share goes to benefits for the players. I would expect the following in the next Basic Agreement:

      Stronger definition on how revenue-sharing dollars are spent. This is an issue that not only the players are watching, but large revenue makers are upset with. This prevents the likes of the Marlins, Pirates, Rays, Padres, and Royals to possibly skim into their pockets.

      On to the top (and this is directly targeted at the Yankees due to them blasting through the LT year in and year out). I would expect stiffer taxes for busting the threshold. 50%… 60%… maybe dollar for dollar…. don’t know. I would just expect something more than the 40% that is currently in place.

  • JRVJ

    Maury,

    How much does the luxury tax thresshold go up each year?

    I ask, because as I understand it, if the Yankees have the same payroll from one year to the next, they are in fact decreasing their luxury tax penalty contribution from one year to the next…..

  • http://www.bizofbaseball.com Maury Brown

    “Bingo. Opening Day 25 man roster.”

    Uh, no. Would expect pre-arb players to see pay increases.