Probably, but "bottom third" could mean ranking 21st but with an actual dollar amount close to the median and really not that far from ~10th place or so, slotting just after the billion-dollar mega-deals. Using Vanimal's newer link above, Cleveland was the median team in average annual rights fee at $40 million. Assuming we're not signing bad deals, there's really no reason the Twins can't top that if they want to. Another way to look at it, using Forbes' list, we're "bottom third" in total revenue but within 10% of the median and 20% of 9th place. http://www.forbes.com/mlb-valuations/list/#page:1_sort:5_direction:desc_search: In modern MLB, there just isn't that big of a difference between 10th and 20th, or perhaps even 28th (basically, everyone but Oakland and Tampa). As you say, a $125 payroll would bump us all the way up to 11th in that measure (and coincidentally, it would be about equal to our 2015 opening day payroll plus our Forbes estimated operating income of $21 million...). With the rebuild hopefully moving into the rear view mirror, there's really no reason we can't support that level of payroll now.