How much is left for starting pitching? …
The Angels’ budget got a little clearer on Monday, upon announcing they were non-tendering Jerome Williams, Tommy Hanson, Chris Nelson and Juan Gutierrez. That clears about $10 million in projected salary, crucial to an Angels team that needs to add at least two starting pitchers while staying below the luxury-tax threshold of $189 million.
So, how much room do they have left on the budget?
Let’s have a look …
The Collective Balance Tax Payroll is the average annual value of all 40-man-roster contracts, plus benefits, pensions, bonuses, etc. First, let’s add up the AAV of the 10 players on the budget …
Josh Hamilton: $25M
Albert Pujols: $24M
Jered Weaver: $17M
C.J. Wilson: $15.5M
Erick Aybar: $8.75M
Howie Kendrick: $8.375M
Joe Blanton: $7.5M
Joe Smith: $5.25M
Chris Iannetta: $5.18M
Sean Burnett: $4M
That equals $120.56 million. Then you have to add the $18.6 million the Angels owe the Yankees for the final season of Vernon Wells’ contract, which puts the total at $139.16. Then you have to project ahead for arbitration. Below are the Angels’ five remaining arbitration-eligible players, with the projections provided by MLBTradeRumors.com …
Mark Trumbo: $4.7M
David Freese: $4.4M
Ernesto Frieri: $3.4M
Kevin Jepsen: $1.4M
Fernando Salas: $700K
That’s $14.6 million, and it puts the CBT payroll at $153.76 million.
The last part is when it gets really uncertain with more than four months left before Opening Day (keep in mind: a team’s final CBT payroll isn’t calculated until after the season). To that figure, you have to tack on all the contracts for players with zero to three years of service time (the Major League minimum in 2014 is $500,000) plus benefits. I’m told the best way to go about it is to just allocate $20 million for all of this.
That puts the Angels’ CBT payroll at roughly $174 million, which gives them about $15 million of wiggle-room before hitting the luxury tax.
That figure is nowhere near exact, but as close as you can get at this point.