Baseball for the Thinking Fan

Login | Register | Feedback

You are here > Home > Baseball Newsstand > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Monday, January 09, 2023

A payroll primer: Exploring the questions, complexities of Cardinals’ spending for 2023

An interesting look at the Cardinals’ payroll, particularly Arenado.

jimfurtado Posted: January 09, 2023 at 07:47 AM | 2 comment(s) Login to Bookmark
  Tags: cardinals

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. The Duke Posted: January 09, 2023 at 09:02 AM (#6112520)
The cardinals have some wonky cash flows which make it hard to figure out. They still owe Matt Holliday about $2 million a year from previous deferrals. Col is paying $16 million but the Arenado salary deferral goes out in smaller increments over a long period so net/net, they have a huge cash inflow this year. Wainwright and Contreras both deferred huge amounts of this years pay.

So for luxury tax calcs their payroll may be going up. For cash flow it's way down.

They are using the Lux tax calc to say payroll is up but it's really not.
   2. Walt Davis Posted: January 09, 2023 at 02:44 PM (#6112568)
Did you read the article? It goes into a good bit of detail on that. The news bit to me was that, for the $10 M deferred for Wainwright, the Cards have to set aside $8.2 (the NPV on that). (Oh well, seems free access to the article was a one-time thing, now it requires a sub. So sorry, going off my memory) They "save" just $1.8 on cash flow.

It has quite a lot of confusing (to me at least) detail on how Arenado's money is paid out. They don't discuss Contreras but that's not officially a deferral -- i.e. all money is paid out over the 5 years of the contract -- it's just simple backloading where a chunk of what "should" have been 1st year salary is paid as an option buyout. So that does substantially reduce 2023 actual payroll vs the CBT number -- at least as I understand it, I don't htink they have to set aside money now to guarantee the option buyout money will be there in 5 years but I could be wrong about that.

You must be Registered and Logged In to post comments.



<< Back to main

BBTF Partner

Dynasty League Baseball

Support BBTF


Thanks to
for his generous support.

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogJim Caple, former ESPN, national MLB writer, dies at 61
(7 - 1:39am, Oct 04)
Last: the Hugh Jorgan returns

NewsblogWitt becomes first Royal in 30-30 club: 'No one like him'
(13 - 1:14am, Oct 04)
Last: The Yankee Clapper

NewsblogFormer Dodgers star Trevor Bauer settles lawsuit with woman who first accused him of sexual assault
(12 - 12:57am, Oct 04)
Last: Dr. Pooks

NewsblogCurve honor 'worst baseball player of all time'
(62 - 11:49pm, Oct 03)
Last: Pat Rapper's Delight (as quoted on MLB Network)

Hall of MeritReranking Pitchers 1893-1923: Ballot
(7 - 11:44pm, Oct 03)
Last: Rob_Wood

NewsblogOMNICHATTER for the October Postseason 2023
(78 - 11:02pm, Oct 03)
Last: Tom and Shivs couples counselor

NewsblogOT - NBA Off-Pre-Early Thread for the end of 2023
(153 - 10:59pm, Oct 03)
Last: Tom and Shivs couples counselor

NewsblogMiami Marlins’ Luis Arraez runs away with NL batting title, makes MLB history in process
(13 - 6:28pm, Oct 03)
Last: Cris E

NewsblogMets fire Buck Showalter after disappointing season
(36 - 5:35pm, Oct 03)
Last: sunday silence (again)

NewsblogMariners' Cal Raleigh apologizes for calling out team after season-ending loss
(11 - 4:56pm, Oct 03)
Last: bookbook

NewsblogAppreciating 4 all-time legends as they play their (potential) final games
(48 - 4:43pm, Oct 03)
Last: Walt Davis

NewsblogInside Colorado’s three decades of mediocre baseball
(6 - 3:23pm, Oct 03)
Last: Tom Nawrocki

NewsblogPhil Nevin out as Angels manager after missing playoffs again with Shohei Ohtani, Mike Trout
(13 - 3:03pm, Oct 03)
Last: Walt Davis

Sox TherapyRIP Tim Wakefield
(19 - 2:54pm, Oct 03)
Last: Jay Seaver

NewsblogOT Soccer - World Cup Final/European Leagues Start
(137 - 2:01pm, Oct 03)
Last: AuntBea odeurs de parfum de distance sociale

Page rendered in 0.2159 seconds
48 querie(s) executed