An Audit of the St. Louis Cardinals’ Payroll
TOWER GROVE — With the subtraction of the salaries for Mark Mulder, Braden Looper, Scott Spiezio, Juan Encarnacion and Jason Isringhausen (though possibly only briefly for him), the St. Louis Cardinals have a raw total of about $29 million in expiring contracts from their 2008 payroll. But presented with the question on whether the Cardinals had $25 million to even $30 million of flexibility for the coming season, an organization official was direct with his answer:
“You might want to check your math.”
Good idea.
Pooling the salaries of the Cardinals’ 25-man roster, the handful of players on the disabled list, and some estimates of the prorated additions to the team, the Cardinals spent approximately $105.89 million on the salaries of 34 players. (For example, Chris Perez didn’t make his full $390,000 big-league salary, but in concert with the other relievers and minor leaguers who came up through the year about that much was spent on the spot on the roster. I.e., Jason Motte, Joe Mather, etc.) Of those 34 players, 11 either are or are expected to be free agents.
Those 11 salaries lopped from the books for 2009 equal approximately $39.7 million.
But before considering that as a straight cut from the payroll, first the buyouts must be considered. Mulder and the released Spiezio are owed a combined $1.6 million for their rejected 2009 options.
And then there are the players due raises, like Chris Carpenter from $10.5 million to $14 million or Ryan Ludwick who is arbitration eligible after a career season. Those upticks in salary slice considerably into the “dry powder” the Cardinals have if they expect to keep the 2009 payroll around $100 million, give or take a few injuries.
Asked if the economic conditions could guide their payroll, Cardinals president Bill DeWitt III said earlier this offseason the he expects the payroll to remain the same “if not grow, a little.”
When all those factors are calculated and some 2009 salaries are estimated, the closer total for the cash still available is around $20.6 million. According to a couple people in the organization there are scenarios — arbitration losses, new contracts — where it is around $17 million. Two new lefties could quickly knock that down to $11 million.
There’s still enough to alter and improve a roster in need of reinforcements.
The best way available to “check the math” is dig into the contracts themselves and track who is gone, who is due a raise and estimate just what some of the raises could be (via renewals or arbitration). Using reports in the Post-Dispatch, many of them by senior baseball writer Joe Strauss, and other sources on the existing contracts, I generated a payroll matrix for the blog here. These are base salaries, not including bonuses but Felipe Lopez’s has been adjusted to reflect how the Cardinals got him. Below it there is further discussion about the arbitration cases and how to estimate what it could cost the Cardinals if, say, Ludwick does take them to arbitration.
THE ESTIMATED PAYROLL MATRIX
PLAYER … 2008 Salary … 2009 Salary … CHANGE
Yadier Molina, C … $1.75 million … $3.25 million … + $1.5 million
Jason LaRue, C … $850,000 … $950,000 … + $100,000
Albert Pujols, 1B … $16 million … $16 million … n/c
Adam Kennedy, 2B … $3.5 million … $4 million … + $500,000
Troy Glaus, 3B … $12.5 million … $11.25 million … - $1.25 million
Cesar Izturis, SS … $2.85 million … Free Agent … - $2.85 million
Aaron Miles, INF … $1.4 million … Arb. est: $2 million … + $600,000
Felipe Lopez, INF … est $130,000 … Free Agent … - $130,000
Brendan Ryan, INF … $393,000 … est. $400,000 … + $7,000
Rick Ankiel, OF … $900,000 … Arb. est: $2.4 million … + $1.4 million
Ryan Ludwick, OF … $411,000 … Arb. est: $3.3 million … + $2.89 million
Skip Schumaker, OF … $396,000 … est. $475,000 … + $79,000
Brian Barton, OF … $390,000 … est. $400,000 … + $10,000
Adam Wainwright, RHP … $750,000 … $2.6 million … + $1.85 million
Kyle Lohse, RHP … $4.25 million … $7.125 million … + $2.875 million
Braden Looper, RHP … $5.5 million … Free Agent … - $5.5 million
Todd Wellemeyer, RHP … $1.0 million … Arb. est: $3.25 million … + $2.25 million
Joel Pineiro, RHP … $5 million … $7.5 million … + $2.5 million
Ryan Franklin, RHP … $2.25 million … $2.5 million … + $250,000
Russ Springer, RHP … $3.5 million … Free Agent … - $3.5 million
Ron Villone, LHP … $2 million … Free Agent … - $2 million
Randy Flores, LHP … $1 million … Likely Free Agent … - $1 million
Kyle McClellan, RHP … $390,000 … est. $421,000 … + $31,000
Brad Thompson, RHP … $414,000 … est. $855,000 … + $441,000
Chris Perez, RHP … $390,000 … est. $400,000 … + $10,000
Juan Encarnacion, OF … $6.5 million … Free Agent … - $6.5 million
Jason Isringhausen, RHP … $8.0 million … Free Agent … - $8.0 million
Chris Carpenter, RHP … $10 million … $14 million … + $4 million
Chris Duncan, OF … $439,000 … est. $855,000 … + $416,000
Mark Mulder, LHP … $6.5 million … Free Agent … - $6.5 million ($1.5m buyout)
Scott Spiezio, UT … $2.5 million … Free Agent … - $2.5 million ($100,000 buyout)
Matt Clement, RHP … $1.25 million … Free Agent … - $1.25 million
Tyler Johnson, LHP … $398,000 … est. $400,000 … + $2,000
Josh Kinney, RHP … $390,000 … est. $400,000 … + $10,000
***
The biggest uncertainties in the above matrix are obviously the abitration cases. Rick Ankiel, Todd Wellemeyer, Aaron Miles and, of course, Ryan Ludwick make for compelling cases. There’s Wellemeyer who has been reinvented as a starter, there’s Ankiel who has been reinvented as an outfielder and there’s Ludwick who has just reminded baseball what kind of impact prospect he was.
The above estimated salaries are educated estimates, but not locks. They could go up.
A few weeks ago, columnist Bernie Miklasz asked the seminal question of the winter, “Do the Cardinals believe in Ryan Ludwick?”. In that blog entry, Miklasz explores the comparable players to Ludwick, and thus offers a road map toward arbitration.
See, arbitration is based on comparable players and service time. It also considers an everyday at a different tier than a part-time player, and it categorizes players further by starters, closers, relievers and so on. Finding a comparable for Ludwick is as tricky as finding one for Ankiel was last winter. As Miklasz points out, Bubba Trammell does it. Trammell had a breakout 2001 with San Diego, hitting 25 homers and driving in 92 runs at the age of 29. With arbitration rights that winter, Trammell received a raise from $335,000 to $1.5 million. I have been cautioned at using the same rate of increase when it comes to Ludwick, but the outline of a comparison is clearly there.
Ankiel is actually a touch easier this year. Outfielder Gary Matthews Jr. could fit as his comparable, as he was going to be for one side of the arbitration case a year ago. Matthews was released before landing with Texas and re-establishing his career — a loose, but not absurd link to Ankiel’s trek. In 2005, Matthews made $1.1 million and went out and hit 17 home runs and drove in 55 runs in 526 plate appearances, enough to qualify for the batting title. In 2008, Ankiel hit 25 homers and drove in 71 runs, but did so in 463 plate appearances — not quite enough to qualify as that everyday, title-eligible batter.
Off to arbitration before the 2006 season, Matthews submitted $3 million and Texas countered with $2 million. The two sides agreed on a deal for about $2.4 million. That’s how arbitration is designed to work.
How it works out for the Cardinals will shape how much they have yet to spend for 2009.
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Derrick Goold said he was going to Mizzou for capital-J journalism, but after growing up in the Time Zone Baseball Forgot he was really drawn to MU sitting between two major-league cities. Goold joined the Post-Dispatch in 2001 after working for The Times-Picayune and Rocky Mountain News, covering sports from LSU to NHL and every level of baseball in between.
Did Villone really end up making $2 million last year after incentives? His base was only $650K I believe.
DG,
“Asked if the economic conditions could guide their payroll, Cardinals president Bill DeWitt III said earlier this offseason the he expects the payroll to remain the same “if not grow, a little.””
I believe Mr. D was asked this question in September, maybe even early October. Economic conditions for next year and even the year after are now expected to be a lot worse than anyone was anticipating just a couple months ago. I am a season ticket holder (split with another guy) and I want to see a competitive team as much as anyone but the business aspect of the economy that Mr. D is currently looking at, I believe, will make him go back on his word. And I hate to say it but he will be right in doing so. I think the economy is bad enough that you will see one or two franchises fold. Franchises!
I hope the Mr. D plays things close to the vest. I would rather see long term competitiveness than I would a good 2009.
Cario,
First good call on Thompson and Duncan (who rounds up to three years of experience now, after the time on the DL), those estimates could be aimed a little higher. Though adding $500,000 would be quite a leap. Tracking those early arb or super-two are tricky. Remember Molina missed it by a few days, and Flores hit it — and thus got a two-year deal out of it. I split the difference, though with each they could be lower. Remember playing time does factor in with service time.
Villone’s base salary when he signed was about $600,000. Subsequent gumshoe work by Strauss discovered and reported in the paper that Villone made a final salary of $2 million this season.
When at all possible, I went with the final salary from 2008. Though, the team does also factor in signing bonuses split over the years of the contract — and also signing bonuses they are still paying. So, technically, a portion of Scott Rolen’s signing bonus should be added in as well. There is also a payment coming up on Rolen’s contract in 2010.
Excellent comments,
dg
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Joepa,
I asked that question after the economic meltdown. In fact, I asked the question during an interview about how the economy could impact the team, the major-league payroll and, most of all, the construction of Ballpark Village. (There are still bonds to be issued.) So, the context of the comment was late October. The story that came of that interview and many others was published on Oct. 24.
Best,
dg
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GO FOR BROKE, trade and lock up Peavy for four years. Compared to other pitchers he’s a steal, and he wants to come here.
Regarding Carpenter, hope for the best but plan for the worse.
But a Wainwright/Peavy as a one two punch, with Lohse and hopefully Carpenter will make this the best starting rotation in the NL.
Besides- Cards paid
Loshe 41 million over 4 years for a
(career) 78-80 4.67 ERA
(last year) 1.30whip 3.78 ERA (his best)
Trade anyone but Albert and Rasmus for
Peavy -
(career) 86-62 1.19whip .232BAA 3.25 ERA
(last year) 10-11 1.18whip .229BAA 2.85 ERA
Jake Peavy
2009 opening day age: 27
2009 salary: $11 million
2010 salary: $15 million
2011 salary: $16 million
2012 salary: $17 million
This guy is a stud on a bad team, MO has to work a deal.
Remember how the D-Backs won with Schilling/Johnson or the Braves with Smoltz, Glavine, Maddux. It’s a no-brainer. Get three starters with Wainwright, Peavy and Carpenter and let TLR change the line-up every night and win with pitching.
It’s also the best thing to do fiscally. Give your team a chance to win 4 out of every 5 games - and the fans will hit the turn-style.
I even promise to buy a Peavy shirt.
starting rotation-
1-Peavy
2-Wainwright
3-Carp
4-Lohse
5-Joe the Plummer for all I care
See ya Lugnut and Skippy, throw in 5 other players, I don’t care, just get Peavy for 4 years and win a world series.
get the word out!