Payrolls drop
NEW YORK — Big deals for Bryce Harper, Mike Trout and others that included large signing bonuses masked an otherwise flat market for the second consecutive offseason that caused Major League Baseball’s opening-day payrolls to drop by $43 million for 2019.
Payrolls, however, rose by $131 million when using the averages of multiyear contracts. Following a winter in which many journeymen took cuts, a string of stars signed huge long-term deals during March and April.
Since the end of last season, teams agreed to a record $4.195 billion in guarantees beyond 2019, breaking the previous mark for out-year commitments of $3.414 billion set following the 2013 season, according to figures compiled by the commissioner’s office and obtained by The Associated Press.
Just three teams are on track to pay luxury tax. World Series champion Boston projects to owe $11.8 million, the Chicago Cubs $5.3 million and the New York Yankees just under $4 million. Figures will fluctuate during the season due to roster moves.
Payrolls totaled $4.072 billion on opening day, down 1.1 percent from $4.115 billion at the start of last season and $4.135 billion on opening day 2017, using the calculation of salaries plus prorated shares of signing bonuses.
Using the average annual values of contracts plus a little over $14 million per team in benefits this year — the measurement used for the luxury tax — payrolls went up 3 percent from $4.415 billion to $4.545 billion, but remained below the $4.549 billion at the start of 2017.