Phillies payroll at start of MLB free agency

By on November 9, 2022 0

A ton of cash comes from Phillies payroll as MLB free agency begins originally appeared on NBC Sports Philadelphia

The five-day window preventing MLB free agents from signing with new teams ends Thursday, though there isn’t the same kind of mad rush as in the NFL or NBA where top names come out of the box. table within the first 48 hours.

The MLB offseason tends to move at a slower pace, especially in recent years. Winter meetings, a time that typically includes major moves and preparatory work for others, take place Dec. 4-7 in San Diego. The general managers’ meetings took place this week in Las Vegas.

The Phillies had five days from the end of the World Series to decide what to do with the options in the contracts of Jean Segura and Zach Eflin. They turned down Segura’s $17 million team option, making him a free agent. Eflin declined his share of a $15 mutual option, making him a free agent.

Despite having four players under contract worth at least $100 million, the Phils have a ton of money coming from their payroll this offseason. They will free up around $75 million from their end-of-season payroll with Segura, Eflin, Didi Gregorius, Corey Knebel, Kyle Gibson, Noah Syndergaard, David RobertsonBrad Hand, Jeurys Familia, Johan Camargo and Odubel Herrera are no longer under contract.

This number will be reduced by the increases due by the players. Aaron Nolawho, unsurprisingly, had his club option taken over by the Phillies, is expected to earn $1m more than in 2022. Rhys Hoskins and Jose Alvarado will earn more in their final year of arbitration eligibility. Hoskins’ salary is expected to rise from $7.7 million to around $11 million, while Alvarado is expected to earn just under double the $1.9 million he earned last season.

Seranthony Dominguez‘ is expected to drop from $725,000 to around $2.5 million as it continues the arbitration process. Ranger Suarez‘ contract number for 2023 shouldn’t be too far behind as he enters his first year in arbitration. Edmundo Sosa’s salary is expected to drop from $716,000 to $1.25 million.

The Phillies could enter into long-term contracts with any of these players, but assuming they go through the arbitration process and each player ends up with a salary similar to the figure above, that would be approximately $9.8 million in increases.

Pre-referee players like Alec BohmBrandon Marsh, Bryson Stott, Garrett Stubbs, Matt Vierling, Nick Maton, Connor Brodon, André Bellatti and Bailey Falter would also be due to smaller increases.

According to The Associated Press, the Phillies’ luxury tax payroll at the end of the season was $243 million, resulting in a first tax of $2.6 million. Even after factoring in the aforementioned salary increases, they’re still expected to enter the offseason with about $65 million of that number released.

The four tax thresholds are $230 million, $250 million, $270 million and $290 million.

First-time offenders pay 20% on the amount above the first threshold, 32% above the second, 62.5% above the third and 80% above the fourth.

The Phillies’ penalty in 2022 was relatively small compared to teams like the Dodgers and Mets because they exceeded the tax for the first time and only exceeded the first threshold of $230 million.

It seems likely that the Phils will enter 2023 with an even bigger payroll than they did in 2022. Ownership waited until it thought the team had a fighting chance to top the luxury tax for the first time, and in the first year of this increased spending. , the Phillies are two wins away from winning the World Series. That should only encourage them to spend and plug the holes as they need to this offseason.

The Phillies have been heavily linked to superstar shortstop Trea Turner, the former Nationals teammate Bryce Harper spoke openly. We discussed the realism and quality of Turner on the last Phillies Talk Podcast.

Beyond Turner, there are top-notch free agent options at shortstop in Xander Bogaerts, Carlos Correa and Dansby Swanson. The Phillies also need multiple starting pitchers and left-hander Carlos Rodon is another player who has been connected to them. Future Hall of Famers Justin Verlander and Clayton Kershaw are free agents. Just like Jacob deGrom and Chris Bassitt.

The Phillies will also need to add at least a few bullpen arms to help make up for losses to Robertson and Eflin.

With aggressive ownership, a President of Baseball Operations in Dave Dombrowski who proactively fills holes, and a roster that has proven this year it can go along with any team, this has the makings of a fun offseason for the Phillies.

Subscribe to Phillies Talk: Apple podcast | google play | Spotify | embroiderer | Art19 | Watch on YouTube