[Update 2] With the signing of Kyle Farnsworth ($3.0M in 2011), the projected payroll is now $35.4 million.
[Update] With the trade of Matt Garza, the Rays now have a projected payroll of just $33.3 million. That is quite a step down from $71.9 million a year ago. Of course there is still time left to spend some of the money saved. We’ll see if Andrew Friedman and Co. do pick up a bat and maybe a reliever or two to shore of the roster.
We knew the Rays would be cutting payroll in 2011, and after seeing several members of the 2010 roster sign with new teams and Jason Bartlett traded to the
Padres, we now have a better idea of what the roster and payroll will look like next season. In fact, at this point, the Rays have already cut their payroll in half. Below is the 40-man roster and payroll projection based on players currently in the organization.
Notes on the roster can be found after the table…
Notes on the 40-man projection…
- A legend for the table can be found below.
- There are currently 36 players on the 40-man roster. Players in white would
be on the 25-man roster. Players in grey would be on the 40-man roster but are projected to start the season in the minors.
- Salaries for players eligible for arbitration are based on salaries for comparable players in recent years.
- Justin Ruggiano, Elliot Johnson and Adam Russell will be out of minor league options.
- Stuart Sternberg said the 2011 payroll will be under $60M. As we can see the Rays are only committed to ~$38.1M. That is a $33.8 drop in payroll from last year.
- The Rays still need to sign at least one bat and one reliever to fill the final two roster spots. With those additions, the payroll will be in the same neighborhood as the 2008 payroll ($43.8M).
- If the Rays trade Matt Garza, as has been rumored, the projected payroll
goes down to ~$33.0M.
(1) Based only on players currently within the organization.
(2) Once a player is added to the 40-man roster, the team can ‘option’ the player to the minors 3 times. A team cannot be charged with using more than one option in a given season even if a player is demoted to the minors several times that year. An option is not used if a player is added to the 40-man roster midseason unless he is sent back to the minors at some point.
(3) Years remaining under control of franchise before free agency eligibility.
(4) First, second and third year players will have their salaries determined by the team, but will fall close to the major league minimum ($414K). Minor leaguers on the 40-man for the first time make $35,000 and second-year players (or players with at least 1 day of major league experience) make twice that amount. We are not including signing bonuses or incentives