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Saturday, November 09, 2019

Giants won’t have any tax concerns as they dive into free agency

SAN FRANCISCO—You almost needed an accounting degree to fully understand all the offseason moves the Giants made two years ago.

The trade for Evan Longoria included nearly $15 million coming back from the Rays. The Pirates covered $2.5 million of Andrew McCutchen’s salary. When Tony Watson walked into the Scottsdale Stadium clubhouse a few days into spring training, he did so on a complicated contract that was structured to keep the Giants under the competitive balance tax line.

The CBT was mentioned often by team officials for a couple of years and was constantly lingering in the background, a penalty that colored many of the organization’s moves. That’s still the case for several teams around baseball—most notably the Red Sox, who might trade superstar Mookie Betts because of payroll concerns—but as the Giants enter Farhan Zaidi’s first full offseason in charge, they at least know they don’t have payroll concerns.

After paying the tax for three consecutive seasons, the Giants dipped just under in 2018 and didn’t come close last year. While exact numbers are not available to the public, the Giants were estimated to have a tax number of about $177 million, according to Cot’s Contracts, putting them well below the $206 million threshold. They’ll open this offseason with even more breathing room.

Mind you, if both the players they made qualifying offers to accept them, that breathing room will go away rather quickly…..

 

QLE Posted: November 09, 2019 at 12:31 AM | 0 comment(s) Login to Bookmark
  Tags: free agency, giants, luxury tax

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