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Friday, December 03, 2021

MLB Teams Spend Record $2.16 Billion in Month Before Lockout

This year, however, players signed contracts worth a total of $2.16 billion in November, exceeding the previous high of $577 million in 2012 by a factor of nearly four, according to Spotrac.

It wasn’t just the usual suspects (e.g., Yankees, Red Sox and Dodgers) digging into their pocketbooks. The Texas Rangers shelled out half a billion dollars for two free agents: Corey Seager and Marcus Semien. The Seattle Mariners, who ranked 25th in payroll last year, gave Robbie Ray $115 million for five years. The Tampa Bay Rays even dropped $182 million, good for the largest financial commitment in franchise history, on 20-year-old Wander Franco, who has played 70 games in the majors.

Notably, the month’s 11 largest free agent contracts, worth a combined $1.29 billion, have been paid out by teams that missed last year’s playoffs.

RoyalsRetro (AG#1F) Posted: December 03, 2021 at 04:48 PM | 1 comment(s) Login to Bookmark
  Tags: labor issues

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   1. DL from MN Posted: December 03, 2021 at 11:11 PM (#6056101)
Well, yeah. They didn't want NPB to be able to sign star players if there was no season.

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