The MLB teams that have spent the most and least money this winter
Offseason spending throughout baseball this winter is approaching $3 billion. Yes, that’s billion with a B.
If you needed another example of the riches that get tossed around in baseball — and Ian Kennedy earning $70 million from the Kansas City Royals didn’t quite close the case for you — just know that MLB owners have spent almost $3 billion since November and then look at your bank statements from the past few months.
The exact figure is $2,929,456,800, per Spotrac, which gathers and tracks pro sports contract data. In MLB, that includes new free-agent agreements, contract extensions and arbitration-avoiding deals. These numbers will continue to rise, as a number of free agents are still on the market. Yoenis Cespedes, for instance, is still likely to command a good chunk of change. Keep in mind that Justin Upton just got $132.75 million from the Detroit Tigers.
So who’s spent the most and least? You can probably guess a few of those, just based on the biggest free-agent signings, but the order may surprise you. Here are the top five spenders of the 2016 offseason so far per Spotrac:
1. SAN FRANCISCO GIANTS ($326,000,000)
The Giants, the even-year wonders, went big on pitching, signing Johnny Cueto ($130M) and Jeff Samardzija ($90). They also added outfielder Denard Span ($31M) and gave shortstop Brandon Crawford ($75M) a big contract extension. Might that pay off with another even-year World Series run? It’s certainly not out of the question.
The Cubs certainly made a splash this offseason, as they’ve spent the most money of any team on free agents. About $275 million of their entire figure was given to free agents. That includes Jason Heyward ($184M), Ben Zobrist ($56M) and John Lackey ($32M).
3. DETROIT TIGERS ($277,782,500)
Detroit shot up the list this week with the Upton signing, but they also committed $110 million to Jordan Zimmermann, meaning they added one of the top arms and one of the top bats in free agency. That doesn’t come cheap.
4. BALTIMORE ORIOLES ($246,075,000)
A huge chunk of the Orioles’ spending is going to Chris Davis, whom they gave $161 million recently. Another notable signing was reliever Darren O’Day for $31 million. They also spent $30.6 million on pre-arbitration deals, the second most in MLB.
5. BOSTON RED SOX ($234,134,000)
The Red Sox reeled in the biggest fish this winter, giving David Price $217 million. That on its own is more than 24 other teams. (The D-backs are the only team not on this list that spent more than $217M). The Red Sox also signed outfielder Chris Young for $13 million.
Well, that’s a lot of money. Are you ready for the other end of the spectrum now? Spoiler alert: the numbers down here are a lot smaller. A few of the teams might surprise you, though, since they’re big names from big markets.
The Angels have the best player in baseball in their lineup, but haven’t spent a ton this offseason trying to make the team around Mike Trout much better. They added free agents Geovany Soto ($2.8M) and Cliff Pennington ($3.75M), plus brought on Andrelton Simmons and Yunel Escobar in trades. As much as signing Cespedes would help their lineup, ownership is trying to stay under the luxury-tax threshold, so the front office appears to be handcuffed.
27. NEW YORK YANKEES ($16,275,000)
Surprise, surprise. The Yankees, the titans of baseball, aren’t spending much at all this winter. They’ve got a ton of money on the books, committed to players such as A-Rod, C.C. Sabathia and Mark Teixeira, so it’s hard to blame them. The Yankees’ most significant addition came via trade, when they got Aroldis Chapman from the Reds.
28. PHILADELPHIA PHILLIES ($14,100,000)
The Phillies, like the Yankees, have a recent history of big, bloated contracts that don’t pay off. So, as they rebuild, the Phillies aren’t bringing on too much money. In fact, they’re waiting for Ryan Howard’s big contract to leave after this season. In the meantime, the Phils did commit $3.9 million to reliever David Hernandez and claim Peter Bourjos and his $2 million salary off waivers.
The Brewers signed slugger Chris Carter and, ummm, that’s about it. They’ve spent some money on minor-league contracts and made a few trades to add to their roster, but it’s pretty quite uneventful in Milwaukee lately.
30. CINCINNATI REDS (a little more than $0)
Spotrac lists the Reds at “-.” Maybe that’s a metaphor for what looks like a rough season ahead? The fact is, the Reds haven’t spent $0, but they haven’t spent more than a few million. They avoided arbitration with Zack Cozart and signed pitcher Blake Wood. The money wasn’t disclosed on either deal, but it wouldn’t be too much. The Reds, instead, have focused their offseason on shredding contracts, so they’ve traded Chapman and Todd Frazier.
If you want to see where the other 20 MLB teams fall in between, go scope out Spotrac’s list.
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Mike Oz is the editor of Big League Stew on Yahoo Sports. Have a tip? Email him at [email protected] or follow him on Twitter! Follow @MikeOz