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    How the 2025 Payroll Situation Will Shape Twins' Attempts to Add More Than a Rental at Trade Deadline


    Eric Blonigen

    As we approach the 2024 trade deadline, we know a few things to be true: The Twins will be buyers; they need a playoff-caliber starting pitcher; and they face self-imposed payroll constraints. At least two of those facts are going to run into each other head-on, very soon.

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    Their current payroll is around $130 million, and ownership has hinted that it may decrease slightly next season--despite several players due for healthy raises. However, the Twins’ competitive window is wide open, and the time is right to make a big splash that will allow for a deep playoff run not just this year, but beyond. Will a trade for a pitcher like Nathan Eovaldi (and his $20 million vesting option for 2025) be possible?

    Next season, Pablo López will start making the real money in the four-year contract extension that technically began this year. Players like Joe Ryan, Bailey Ober, Jhoan Durán, Griffin Jax, Brock Stewart, Royce Lewis, and Trevor Larnach will hit arbitration for the first time. Willi Castro is likely due for a bit of a payday, as he enters his third and final arbitration year on the heels of a breakout season. Let’s take a look at their likely payroll commitments for the 2025 season, and consider options that may make a trade for a frontline starter possible.

    Roughly $30 million in salary will come off the books this fall, as Max Kepler, Anthony DeSclafani, Manuel Margot, Kyle Farmer, Carlos Santana, Caleb Thielbar, and Jay Jackson are all free agents. However, that savings will likely be almost perfectly offset by raises to the players who are due for one. So, if the Twins trade for a pitcher who is controlled in 2025 or beyond, they'll need to shed additional payroll.

    Below, we have the Twins' 40-man roster; the committed salaries (according to Cot’s Baseball Contracts); and approximate arbitration values, based on 2024 comps from Spotrac. Arbitration agreements are largely based off of the player’s performance for the previous season. However, historical performance can play a part. This will come into effect for my estimates for players like Durán, who is having a down year. While this won’t be exact, it at least gives a starting point to estimate the Twins’ payroll commitments for 2025, and will inform the options likely available to the team.

    Starting Pitchers
    This is a good, solid group. They are inexpensive, have upside, and would look even better if Ober were the No. 4 and Simeon Woods Richardson the No. 5.

    Player

    Contract Status

    Salary (real or projected)

    Lopez

    Contract

    $21.75

    Ryan

    Arb-1

    $2.5

    Ober

    Arb-1

    $1.5

    Woods Richardson

    Pre-arb

    $0.76

    Paddack

    Contract

    $7.5

    Total

     

    $34.01

    Relief Pitchers
    Another very, very good group of guys, assuming health. Luckily, even with arbitration increases, they are inexpensive.

    Player

    Contract Status

    Salary (real or projected)

    Durán

    Arb-1

    $2.0

    Jax

    Arb-1

    $1.25

    Stewart

    Arb-1

    $1.25

    Alcalá

    Club Option

    $1.5

    Varland

    Pre-arb

    $0.76

    Topa

    Arb-2

    $1.75

    Staumont

    Arb-3

    $2.0

    Sands

    Pre-arb

    $0.76

    Okert

    Arb-2

    $1.25

    Total

     

    $11.27

    Hitters
    This might be one of the best lineups in baseball, and the core is young and controllable, with ample depth in the minors.

    Player

    Position

    Contract Status

    Salary (real or projected)

    Correa

    SS

    Contract

    $33.3

    Buxton

    CF

    Contract

    $15.143

    Vázquez

    C

    Contract

    $10.0

    Castro

    UTIL

    Arb-3

    $8.0

    Jeffers

    C

    Arb-2

    $2.7

    Lewis

    3B

    Arb-1

    $3.0

    Lee

    2B

    Pre-arb

    $0.76

    Wallner

    RF

    Pre-arb

    $0.76

    Miranda

    DH

    Pre-arb

    $0.77

    Julien

    1B

    Pre-arb

    $0.76

    Larnach

    LF

    Arb-1

    $1.5

    Martin

    OF

    Pre-arb

    $0.76

    Total

     

     

    $77.45

    Remaining 40-Man Members
    A good mixture of depth and upside, at worst, these guys are solid injury fill-ins. A few of them are likely much more than that.

    Player

    Position

    Contract Status

    Salary (real or projected)

    Kirilloff

    Depth 1B/DH/OF

    Arb-2

    $1.3

    Camargo

    Depth C

    Pre-arb

    $0.124

    Rodríguez

    Depth OF

    Minors

    $0.06

     

    Festa

    SP Depth

    Minors

    $0.124

    Canterino

    RP Depth

    Minors

    $0.06

    Henriquez

    RP Depth

    Pre-arb

    $0.124

    Funderburk

    RP Depth

    Pre-arb

    $0.124

    Winder

    RP Depth

    Pre-arb

    $0.124

    Total

     

     

    $2.1

    2025 Projected Salary by Position Group

    Category

    Salary

    Starting Pitching

    $34.01

    Relief Pitching

    $11.27

    Hitters

    $77.45

    40-Man Depth

    $2.1

    Randy Dobnak Dead Money

    $3.0

    Total

    $127.83

    As you can see, before a move is made in the offseason, the 2025 payroll is only $2.5 million lower than this year's, despite losing seven players to free agency. Luckily, the team as listed above doesn’t have many holes. Assuming some semblance of health, they should have a great bullpen, a great lineup, and great depth in the minors, with high-end prospects that are close to the majors. There are no holes in the roster construction that will inhibit them from being a playoff-caliber team.

    However, adding another frontline starter to pair with López and Ryan should make them a legitimate World Series contender. Any player of Ryan’s caliber or better in their final year of team control is likely to cost around $20 million, or slightly more. So, cutting between $20 million and $25 million from their 2025 projected roster seems to be the target that allows for the acquisition.

    That's a lot of fat to trim. Let’s look at how we can get there by evaluating some cost-cutting options. There are four players it may make sense to move on from, due to their salary or value to the team.

    Player

    Recommendation

    Salary

    Vázquez

    Trade

    $10.0

    Okert

    Non-tender or trade

    $1.75

    Paddack

    Trade

    $7.5

    Kirilloff

    Trade

    $2.5

    First, we have Christian Vázquez. While solid defensively, he has been an offensive liability. It will be tough to find someone to take his entire contract, but there would certainly be teams interested in acquiring him. The Twins would probably need to give up a prospect in the 15-20 range in their system to trade him without eating his salary, but that will save $10 million on its own.

    Next, the team can non-tender Steven Okert. He has been a replacement-level reliever, and paying a likely $1.75 million for his services is not money well spent at this point.

    Third, we could see the team try to trade Chris Paddack and his $7.5 million contract. Despite his inconsistency, which is to be expected in a player returning from a second Tommy John surgery, he has been a serviceable back-of-the-rotation starter. In the offseason, it shouldn’t be difficult to find a taker for him. Depending on health and his performance for the rest of the season, Derek Falvey and company may need to include a low-level prospect in the deal in exchange for the salary relief.

    Finally, we have Alex Kirilloff. I project him at around $2.5 million as a Boras-repped Super-2 going through arbitration a second time. It’s unlikely they would non-tender him, but finding a trade partner interested in unlocking his potential could net a prospect in the 10-20 range from another team.

    If the front office made each of these moves, the net result would be a savings of $21.75 million, which would allow them to pay for one additional season of someone like Nathan Eovaldi--someone you would feel comfortable starting in Game Three of a deep playoff series, and who would give the Twins both a wealth of high-end starters and high-end prospects in the minors to supplement. It would also allow Ober to move to long relief in the playoffs in some situations. If further salary relief is necessary, the Twins could also increase what they're willing to surrender in whatever trade may occur, in exchange for a few million toward next year’s salary.

    Were the Twins to do something like this, it wouldn’t leave space for other offseason signings, but that may not be necessary anyway due to the team’s depth and the caliber of their young core. What do you think? Is this realistic? Would you make the moves listed above? Are there other contracts you would prefer to get out from under? Are these arbitration values close? Comment below with your thoughts!

     

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    2 hours ago, bean5302 said:

    Formed this opinion in April and just kept riding it, right? Here are the series results for the Twins when facing off against likely playoff teams. The Twins are 7-4 in series' against playoff caliber teams since the beginning of May.
    KCR - W
    MIL - T
    CLE - L
    LAD - L
    BAL - L
    May
    BOS - W
    SEA - W
    NYY - L
    CLE - L
    KCR - W
    June
    HOU - W
    NYY - L
    ARI - W
    SEA - W
    July
    HOU - W
    MIL - L
    PHI - TBD
     

    According to your chart, they are actually 8-7 and 1. Boston, Seattle and Arizona are  not currently playoff teams which account for 4 our your wins. They are 3-7 and 1 minus those series. Against current division leaders they are 0 and 6. How does it sound now? 

    20 minutes ago, Chris Spencer said:

    According to your chart, they are actually 8-7 and 1. Boston, Seattle and Arizona are  not currently playoff teams which account for 4 our your wins. They are 3-7 and 1 minus those series. Against current division leaders they are 0 and 6. How does it sound now? 

    Having a hard time with phrases like "likely playoff teams" and the concept of month of "May" and then it's hard to count, huh?

    15 minutes ago, bean5302 said:

    Having a hard time with phrases like "likely playoff teams" and the concept of month of "May" and then it's hard to count, huh?

     

    15 minutes ago, bean5302 said:

    Having a hard time with phrases like "likely playoff teams" and the concept of month of "May" and then it's hard to count, huh?

    How many Wild card teams are you counting on calling likely playoff teams? NY or Baltimore are pretty much locks for 1. The Twins would need to be the second one in any trade scenario. Against current playoff teams since May they are 3 and 4. My main concern and why I stated go on a run is the record against Clev, NY and Baltimore who would be likely second round opponents.  

    1 hour ago, mikelink45 said:

    That is a question for TD - I suspect the answer is a resounding yes - they have asked over and over about budget. 

    The question is has any reporter asked any specific questions about payroll and the deadline.  All I see is reckless speculation.

    3 hours ago, bean5302 said:


    Now, the issue with this is nobody else has been as successful as the Rays with their approach. 

    People keep saying this but it's not true.  I am not sure how you are measuring success but since the turn of the century Cleveland and Oakland have both been more successful by win percentage.  Tampa is actually significantly lower win a win percentage of .497 compared to .518 for Oakland and .516 for Cleveland.  

    Oakland and Cleveland have both had ten 90 win seasons compared to 9 for Tampa. If you bump up to 92 wins Oakland has 8, Cleveland has 7, and Tampa has 6.

    Let's not ignore that these three teams have been significantly better than all of the teams in the bottom 1/2 of revenue over the past 2+ decades.   If you look at how they built their most successful teams, you fill find all three organizations did a great job of trading for prospects.   See the table below that lists the percentage of WAR based on acquisition strategy.  TaP is traded for as a prospect where a player is considered a prospect that has never had a season where they produced 1.5 WAR of greater.  These three teams have produced far more WAR by trading for prospects than the draft. 

    BTW ... Using KC as an example makes absolutely no sense.  They have the lowest win percentage of any team in the league and they have had the fewest 90 win seasons of any team in the league.  The got good after collecting high draft picks for a decade.  

    8  Oakland Athletics WINS Drafted Intl TaP Trade FA  
    100%  Oakland 2002 103 36.0% 12.0% 43.0% 0.0% 9.0%  
    100%  Oakland 2001 102 65.9% 14.3% 11.4% 8.3% 0.0%  
    101%  Oakland 2019 97 25.0% 0.0% 54.0% 10.0% 12.0%  
    100%  Oakland 2018 97 51.8% 0.0% 29.1% 19.0% 0.0%  
    100%  Oakland 2013 96 24.5% 5.0% 39.3% 10.0% 21.0%  
    100%  Oakland 2003 96 46.2% 21.1% 27.7% 5.0% 0.0%  
    100%  Oakland 2012 94 10.7% 0.0% 37.4% 5.3% 46.6%  
    100%  Oakland 2006 93 23.0% 0.0% 45.0% 9.0% 23.0%  
       Oakland Total 97.25 35.4% 6.6% 35.9% 8.3% 14.0%  
                     
    7  Cleveland Guardians WINS Drafted Intl TaP Trade FA  
    100%  Cleveland 2017 102 22.9% 20.0% 43.9% 8.0% 5.0%  
    100%  Cleveland 2007 96 31.3% 36.5% 32.2% 0.0% 0.0%  
    100%  Cleveland 2016 94 6.4% 17.3% 76.3% 0.0% 0.0%  
    100%  Cleveland 2019 93 23.0% 18.0% 44.7% 14.0% 0.0%  
    100%  Cleveland 2005 93 7.5% 21.8% 51.4% 2.5% 16.8%  
    100%  Cleveland 2022 92 26.8% 24.0% 49.0% 0.0% 0.0%  
    100%  Cleveland 2013 92 14.9% 0.0% 50.1% 10.2% 24.8%  
      Guardians Total 94.57 19.0% 19.7% 49.6% 5.0% 6.7%  
                     
    6  Tampa Bay Rays WINS Drafted Intl TaP Trade FA  
    100%  Tampa Bay 2021 100 25.0% 6.0% 45.8% 7.0% 16.0%  
    100%  Tampa Bay 2023 99 13.8% 9.8% 66.2% 0.0% 10.2%  
    100%  Tampa Bay 2008 97 45.7% 0.0% 33.2% 4.5% 16.6%  
    99%  Tampa Bay 2019 96 18.6% 0.0% 45.8% 9.0% 26.0%  
    100%  Tampa Bay 2010 96 64.7% 0.0% 22.1% 9.1% 4.1%  
    100%  Tampa Bay 2013 92 50.7% 0 28.6% 8.5% 12.2%  
       Tampa Bay Total 96.67 36.4% 2.6% 40.3% 6.4% 14.2%  
      Average All 96.16 30% 10% 42% 7% 12%  

    Excellent article Eric! 2025 and beyond will have far more impact on this trade deadline than 2024. 

    Ownership seems to be changing horses mid-stream. After signing large contracts with Buxton, Correa & Lopez, Joe is now talking about modeling Tampa and the Orioles. The switch is going to be frustrating and painful.

    Worrying is just wishing for bad luck. 

    The Twins have an adequate budget for players. Falvey had multiple options last offseason and signed the players he desired. He will have another chance this offseason. In the meantime the Twins are playing decent baseball. A little health and the guys are ready to make a move on Cleveland. First things first, Detroit has a nice team and the Twins need to swat the ball around Comerica Field. Lopez, Ryan, and Ober are up. Maybe we see Miranda and Lewis too.

    Oakland has been awful since all the other teams added more statistical analysis to their teams. Cleveland and Tampa are it on the cheap side. Expecting any other team to be as good as them, while being as cheap as them, is unrealistic, apparently, or every team would do it. 

    There is no reason they couldn't have hit $140+ this season. Really. Coming off a contention year. If truly go to the playoffs this year, us fans will raise "holy hell" if they don't bump upwards to $150+ come 2025. The team is pretty set for salary not only next season, but maybe even two more seasons out. Eliminate Correa and Buxton from the mix at some point and the Twins are flush with cash.

    21 hours ago, Fire Dan Gladden said:

    Thank you for providing an article that is in the world of reality instead of the fantasy "Who will the Twins trade for?" volume we have been getting the last few weeks.

    I second the motion on that! Very good article. 

    10 hours ago, Mike Sixel said:

    Oakland has been awful since all the other teams added more statistical analysis to their teams. Cleveland and Tampa are it on the cheap side. Expecting any other team to be as good as them, while being as cheap as them, is unrealistic, apparently, or every team would do it. 

    Oakland had 97 wins in 2018 & 2019.  We all know that small market teams go through these cycles.  Let’s compare how others in the bottom half of revenue have done.

    Twins - (1) 90-win season since 2019.  
    Royals - Have not won 90 games since they won the WS in 2015 and that’s the only 90 win season they have had since the turn of the century.  
    White Sox – (1) 90-win season since 2007.
    Padres – (1) 90-win season since 2000.
    Reds - Last 90 win season was 2013
    Marlins – Last 90 win season was 2003.
    Pirates – Last 90 win season was 2015 and they have had (2) 90-win seasons since 2000.
    Tigers – Last 90-win season was 2014.
    Rockies – (1) 90-win season in the past 15 years
    Mariners -Been bad since 2014.
    Dbacks have had (1) 90-win season in the past 12 years. 
    Mariners won 90 in 2021 & 22.  That’s their only 90-win seasons since 2004.

    Among modest revenue teams, the Twins and Brewers have been pretty good but over the past couple of decades Oakland has been better than every team in the bottom half of revenue except Cleveland / Tampa and better than half the teams in the top half of revenue.   

    The sad truth depicted in the summary above is that it is very difficult to put together a playoff team with the current revenue disparity.  Cleveland, Oakland, and Tampa have recognized the need to employ tactics that are contrary to what many fans believe drives success.  Should we ignore the fact that these teams have done far better than any other team with revenue limitations.  Think about that.  Let’s not do what has proven to be successful because not every team has followed their lead.

    You also assume employing their tactics means spending at the same level.  The irony is their tactics produce more cheap talent which would allow a team like the twins to spend more on extensions and free agents.  They don’t have to operate below their spending capacity just because they utilize the tactics of teams with even lower revenue.

    This is a list of 90-win seasons since 2000.  Oakland, Cleveland, and Tampa have done much better than any of the other teams outside the top half of revenue and as well as many with considerably more revenue.

    1 Yankees 16
    2 Dodgers 13
    3 Red Sox 13
    4 Cardinals 13
    5 Braves 12
    6 Oakland 10
    7 Cleveland 10
    8 Tampa 9
    9 Astros 8
    10 Angels 7
    11 Giants 7
    12 TWINS 6
    13 Mariners 6
    14 Rangers 6
    15 Cubs 5
    16 Brewers 5
    17 Dbacks 5
    18 Phillies 5
    19 Nationals 5
    20 Mets 4
    21 Tigers 4
    22 White Sox 4
    23 Orioles 3
    24 Blue Jays 3
    25 Reds 3
    26 Rockies 3
    27 Pirates 2
    28 Royals 1
    29 Marlins 1
    30 Padres 1

     




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