January 7, 2014

Colon's Contract Terms & Updated Projected 2014 Payroll

For the first time since signing his two-year, $20 million dollar deal at the winter meetings, we have learned the terms of Bartolo Colon's contract.  Per a report last night by Adam Rubin citing a source, Colon will earn $9 million dollars in 2014 and the remaining $11 million in 2015. 

As a result, I currently have the teams opening day payroll projected to be $82.35 million.

Guarenteed Contracts:
David Wright: $20 million
Curtis Granderson: $14 million
Bartolo Colon: $9 million
Chris Young: $7.25 million
Jon Niese: $5 million

Arbitration Projections:
Daniel Murphy: $5.8 million
Ike Davis: $3.825 million
Bobby Parnell: $3.725
Dillon Gee: $3.55 million
Eric Young Jr. $1.9 million
Lucas Duda $1.8 million
Ruben Tejada: $1 million

As it stands now, there will be roughly another 13 players who will make around league minimum.  I've used $500,000 in an effort to get an average salary for these players.  Last, but certainly not least, Matt Harvey, who will be paid his $500,000 despite spending the season on the disabled list.

You'll recall as we discussed previously that Sandy Alderson said in early August that payroll would exceed 2013's, which he quoted as being $85 million.  From my figures, he still has a bit to go to get there.  Of course these numbers can fluctuate greatly.  If the team ends up acquiring the services of Stephen Drew, it will almost certainly rise above $90 million.  However, if no other significant moves are made and the Mets ultimately cut Ike Davis, payroll could fall below $80 million.  There are still at least six weeks for that to work itself out.

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