Most of the Money Has Already Been Spent

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Most of the Money Has Already Been Spent

Written by Matt O'Donnell

Friday, 13 November 2009 11:55

Comcast Sportsnet New England published this great breakdown of Red Sox salaries:

Here is an estimate of where the Red Sox' 2010 payroll stands at this moment:

PLAYERS UNDER CONTRACT
J.D. Drew: $14 million
David Ortiz: $13 million
Mike Lowell; $12.5 million
Josh Beckett: $12.1 million
Kevin Youkilis: $9.37 million
Daisuke Matsuzaka: $8.3 million
Victor Martinez: $7.7 million
Jon Lester: $3.75 million
Dustin Pedroia: $3.75 million
Tim Wakefield: $3.5 million
Jason Varitek: $3 million
Junichi Tazawa: $1.1 million
Total: $92.07 million

ESTIMATE OF 2010 SALARIES OF ARBITRATION ELIGIBLE PLAYERS (based on projections and historical precedents):
Jonathan Papelbon: $8.5 million
Jeremy Hermida: $3.8 million
Casey Kotchman: $3.2 million
Hideki Okajima: $2.5 million
Ramon Ramirez: $1.1 million
Manny Delcarmen: $875,000
Total: $19.975 million

ESTIMATE OF 2010 SALARIES OF PLAYERS WITH YEARS 0-3 OF SERVICE TIME WHO ARE NOT ELIGIBLE FOR ARBITRATION (based on projections and historical precedents):
Jacoby Ellsbury: $475,000
Jed Lowrie: $430,000
Clay Buchholz: $450,000
Total: $1.355 million

CONTRACTUAL OBLIGATIONS TO PLAYERS NOT CURRENTLY ON ROSTER:
Julio Lugo: $9.25 million
Billy Wagner: $1 million
Alex Gonzalez: $500,000
Total: $10.75 million

TOTAL: $124.26 MILLION

Earlier this month we talked about the financial problems that John Henry was facing. With big money already committed, do the Sox have the money to sign big names this year? It will cost them appox. $18 million to get Bay or Holliday making their payroll increase over last season's number. They still need a shortstop and a few pitchers.

What is really telling about the list is that even though the Red Sox have limited financial resources this offseason, next year they will have money to spend with Ortiz, Lowell, Lugo, and Tek off of the books. Buster Olney may have been right when he said the Red Sox may be looking ahead to 2011 and will be quiet this offseason.

Comments (5) Add Comment

Ouch
written by Heretic, November 13, 2009

Well, that's somewhat depressing... especially paying 13 million and 14 million for Papi and Drew in 2010. Good players still, but their hitting isn't worth anything close to that. 9 million down the drain to Lugo too, that stings! When you're any team but the Bankees, 9 million is a significant portion of your payroll.

I hope they can at least re-sign Bay :-

Food for thought..
written by SoxMeRed, November 13, 2009

Wow a few overpays and underpays:
1. Josh Beckett - Under paid
2. Jacoby Ellsbury - Under paid
3. Jon Lester - Under paid
4. Clay Buchholz - Under paid(as of now)
5. Dustin Pedroia - Under paid(thats what he signed for, I thought was to little)

1. Mike Lowell - Over Paid(just a little)
2. Julio Lugo - Over Paid(Still paying?!?!)

Red Sox 2009 season, projected by Forbes
- Revenue $269 mil (most ever)
- Player Expenses $165 mil

http://www.forbes.com/lists/2009/33/baseball-values-09_Boston-Red-Sox_330700.html

...
written by phildaddy, November 14, 2009

if they would sale the stupid nascar team they would have more money to sale on good players!

...
written by SoxMeRed, November 14, 2009

John Henery's NASCAR Team has nothing todo with it, isnt it his investment firm, losing money.

Roush Racing is one of the top. Im not into "Oval" racing but I do watch the other, somtimes. Its like watching golf on a sunday aftermoon.

Wait
written by Christian L., November 15, 2009

If we were willing to offer Tex something major last off-season the money had to exist. You can't tell me that the low-cost one year guys and increased salaries for a few guys have taken up all of that potential increase in payroll. What happened to it?