With the future of the organization potentially impacted by the moves of next week's trade deadline, I thought we should all take a quick look at the 2015 payroll to see where the Royals stand for next year financially. Much of this was already covered by kcstengel last week, but I wanted a handy-dandy reference to make sure we're all on the same page on what kind of financial picture we're looking at for the Royals in 2015.
The Royals have six eligible free agents this winter:
Free agents: Nori Aoki, Scott Downs, Jason Frasor, Luke Hochevar, Raul Ibanez, James Shields
The Royals have three club options to decide on, two of which will almost certainly be declined. Billy Butler has a $12.5 million option with a $1 million buyout. Bruce Chen has a $5.5 million option with a $1 million buyout. Its hard to envision anyone - even Dayton Moore - exercising those options.
Wade Davis has a $7 million club option for next year, in addition to club options in 2016 and 2017 totaling $18 million. If the Royals decline the option, Davis is still under club control, although eligible for arbitration. In theory the Royals could decline the option, go to arbitration, and my spitball guess is that Davis would earn about $6 million or so in arbitration. EDIT: This would require the Royals to pay $2.5 million in a buyout, making such a move unlikely. However, I don't know if that voids the remaining club options, and the Royals may want to retain to keep him under club control past 2015, when he would otherwise be eligible for free agency. For now, let's assume the Royals pick up the option.
The Royals have EDIT eleven arbitration-eligible players this winter:
Arbitration-eligible: Lorenzo Cain, Tim Collins, Aaron Crow, Danny Duffy, Jarrod Dyson, Brett Hayes, Kelvin Herrera, Greg Holland, Eric Hosmer, Mike Moustakas, Danny Valencia.
Let's take a quick look at those potential arbitration cases:
Lorenzo Cain - $2,500,000
Recent comp: Gerardo Parra
Lorenzo Cain is a 28-year old Gold Glove-caliber centerfielder/rightfielder hitting .274/.322/.389 for his career. Parra was a 25-year old Gold Glove-winning centerfielder/rightfielder hitting .280/.332/.400 when he hit arbitration, earning $2.35 million in his first arbitration season.
Tim Collins - $1,500,000
Recent comp: J.P. Howell
J.P. Howell was looking like a decent non-LOOGY strikeout left-handed reliever when he had a terrible year his second year of arbitration and took a small raise to $1.35 million. Collins earns $1.362 million this year, so if he returns, he'll likely only see a small bump. Really, the best recent comp I could find was Tony Sipp, who was let go after his first arbitration season, which is what I imagine the Royals will do with Tim Collins.
Aaron Crow - $2,100,000
Recent comp: Santiago Casilla
Crow has been a pretty consistent performer, earning $1.475 million in his first year of arbitration. Casilla had more of an inconsistent track record and was older, but put up better ERA seasons. Casilla earned $2.2 million in his second year, which sounds about right for Crow.
Danny Duffy - $2,000,000
Recent comp: Francisco Liriano
Its hard to find too many starting pitchers with as few innings as Duffy who reached arbitration that quickly. Liriano had a terrific first full season in the big leagues with a 2.16 ERA, but struggled to stay on the mound before he reached arbitration, earning $1.6 million.
Jarrod Dyson - $1,500,000
Recent comp: Gregor Blanco
Dyson is a 29-year old fourth outfielder-type who is very valuable due to his baserunning and defense and an ability to draw walks. Blanco was a 28-year old fourth outfielder-type with valuable baserunning and defense and an ability to draw walks who earned $1.35 million in his first season of arbitration.
Brett Hayes - $700,000
Recent comp: Drew Butera
The going rate for pretty much all arbitration-eligible no-hit backup catchers is $700k.
Kelvin Herrera - $1,650,000
Recent com: Luke Gregerson
Herrera will be a Super-Two eligible for arbitration due to his service time, even though he has less than three years of service time. Both Herrera and Gregerson were high-strikeout setup men, Gregerson earning $1.65 million in his first year of arbitration.
Greg Holland - $7,500,000
Recent comp: Francisco Rodriguez
K-Rod was dominating early on in his career with 12 strikeouts per nine innings, a 2.37 ERA, 146 saves, and two All-Star appearances by the time he reached his second year of arbitration, numbers that mirror Greg Holland. Rodriguez earned $7,000,000 in his second year of arbitration. Holland earned $4.675 million this year, so he's due for a hefty raise.
Eric Hosmer - $5,000,000
Recent comp: James Loney
Its hard to find too close of a comp, but heading into his second year of arbitration, Loney was hitting .288/.348/.436, not too far off Hosmer's .276/.329/.417. Loney saw his salary go from $3.1 million to $4.875 million. Hosmer earned $3.6 million last year, so we can probably expect his salary to go to about $5 million. If he goes back to slumping however, he could follow the lead of Ike Davis, who accepted a deal for only a slight raise in his second year of arbitration after a .661 OPS season.
Mike Moustakas - $2,500,000
Recent comp: Kevin Kouzmanoff
Its hard to find anyone that was as bad as Moustakas who reached arbitration before washing out. Kevin Kouzmanoff I suppose is the best recent comp I could find, a low on-base guy who had some pop, although Kouz's numbers are much better than Moose's. Kouzmanoff earned $3.1 million in his first year of arbitration, although he had better traditional numbers (HR, RBI) than Moose.
Danny Valencia - $850,000
Recent comp: Donnie Murphy
There aren't that many part-time third basemen because it doesn't make much sense roster-wise. Murphy fits Valencia's bill a little as a decent power, low on-base, part-timer who can hit lefties. Murphy makes $825,000 this year for the Rangers in his first year of arbitration.
So let's take a look at the 2015 roster with these arbitration numbers in hand.
EDIT: Fixed Billy Butler's buyout and roster spots, Alex Gordon's revised salary, added Kelvin Herrera and Danny Duffy arbitration numbers.
Geez, Salvador Perez is a steal.
If the Royals want to stay in the $90-95 million range as far as payroll, they'll only have $7-12 million available to them this winter. They can free up more payroll space by trading one of Wade Davis or Greg Holland, but don't expect many takers for Jeremy Guthrie. A marginal amount of space can be freed up by non-tendering Tim Collins, Danny Valencia, and Brett Hayes. Still, that should leave the Royals enough payroll space to significantly upgrade right field or designated hitter and possibly add a middle-of-the-rotation starting pitcher - the final pieces to the championship puzzle.