Even with several big contracts still on the books in 2020, the San Francisco Giants will have some money to spend this offseason. How much?
That was the fifth-highest payroll in baseball, behind only the Boston Red Sox ($229M), Chicago Cubs ($218M), New York Yankees ($218M) and Los Angeles Dodgers ($201M).
The bad news from a payroll standpoint is that the Giants’ six highest-paid players will all return in 2020, and that group as a whole was not particularly productive this past season. Here’s a look at how much they count against the team’s luxury tax figure:
- Johnny Cueto: $21.7 million AAV
- Buster Posey: $18.6 million AAV
- Jeff Samardzija: $18 million AAV
- Brandon Belt: $14.56 million AAV
- Brandon Crawford: $12.5 million AAV
- Evan Longoria: $11.165 million
That comes to roughly $96.525 million for six guys that combined for a meager 7.5 WAR last season.
While those are the only six players under contract, the team also has six arbitration-eligible players who are projected to earn the following:
- Kevin Pillar: $9.7 million
- Kyle Barraclough: $2.1 million
- Alex Dickerson: $1.2 million
- Donovan Solano: $1.2 million
- Joey Rickard: $1.1 million
- Wandy Peralta: $800,000
That’s another $16.1 million projected if all six of those players return, which is far from a foregone conclusion for anyone besides Dickerson and Solano.
Still, if we assume that all six come back, we’re at $112.625 million for 12 players.
If the other 13 players on the roster earn the league-minimum salary, which will likely be somewhere around $560,000 in 2020, we are now up to $119.905 million.
Spotrac factors in another $15 million for “estimated player benefits” and $2.5 million for “minor league contracts” which brings us to right around $137.4 million.
The luxury tax threshold, which teams are forced to pay a penalty if they exceed, will be set at $208 million for the 2020 season.
So how much do the San Francisco Giants have to spend this offseason?
Assuming the bring back all of their arbitration-eligible players, a little over $70 million.
The team will not want to be backed up against that tax threshold, so it’s unlikely they’ll approach that number, but they could conceivably spend $40-50 million without putting themselves in a bind financially.
In other words, there is plenty of room for team president Farhan Zaidi and the rest of the front office to make a big move or two this offseason, should the right opportunity present itself.
Let the fun begin.