Nationals Arm Race

Werth is still the high-man on the payroll. Photo via fansided.com

So, one big factor in any team’s off-season plan is figuring out exactly what the payroll is going to look like, to figure out what their budget is, and then go shopping from there.  This post goes through the guys we have under contract as we speak to try to do some projections of what we already have committed in terms of 2016 dollars and therefore draw some conclusions about how much FA shopping/veteran salary acquisition we’ll be doing this coming off-season.

(note: all this data is, of course, in a Google XLS for your perusal and/or available as a Link to the right).

The 2015 Nats opening day payroll (according to Cots) was $162,014,559.  This represented about a $25M bump from the previous year and included a significant amount of money heading to Free Agents in the last year of their deals.  Here’s the list of Salary immediately coming off the books from the 2015 team:

So, that’s $61M coming off the books.  I’ve counted the option buyout dollars for the 2016 options of Janssen and McLouth in the 2016 figures, but this is still a significant sum.

So, 61M coming off the books; how much are we committed to for 2016 as things stand?

First, lets look at dollars committed to Existing Veteran Players under Contract:

I count about $82M committed to these 7 players for 2016.  I’m only counting Scherzer‘s salary at the $15M for 2016 since that’s what he’s gonna get paid exactly in 2016.  Cots has a whole complicated explanation when it estimates payroll on its site (see this link) by prorating his signing bonus over 7 years and a whole different calculation made for luxury tax purposes, but I think that’s a mistake to use anything other than the actual dollars going out the door in a given year.  The Lerner’s kicked that can well down the road by getting him to agree to defer literally half the money in the deal for the express purpose of keeping its present value down for their budget, so that’s how i’m figuring it here. If you disagree, feel free to argue about it in the comments.

If the Nats can move Papelbon and some of his $11M in salary, all the better, but I figure they’ll likely have to eat a lot of it to do so, so I can’t see this figure moving much with off-season trades.

Next, lets look at the Players Eligible for Arbitration.  I’ve put in some quick guesses/estimates for arbitration figures for these players.  I’ve historically been somewhat conservative in my guesses, so these might be off by a million here or there, but in the macro sense it won’t make that much difference.  If you think i’m wildly wrong about (say) my Strasburg estimate, lets argue in the comments:

So, if we keep all these guys I can see them costing in arbitration about $36.6M.  It wouldn’t surprise me in the least to see Storen traded of course, nor would it surprise me to see Moore DFA’d outright, or for the team to acquire another backup catcher and part ways with the light-hitting Lobaton.  But we’ll cross that bridge when we get there.  For now, $36.6M is a good estimate.  Thankfully Strasburg really struggled this year, otherwise his arb-3 figure might be closer to Zimmermann’s last arb figure ($16.5M) than the $12-13 he may eventually get.

Coincidentally on Rendon: did you guys see where he made the Super-2 cutoff on the exact day in terms of service time?  2 years, 130 days.  And that’s exactly what he has.  So, depending on how he plays over the next few years that likely costs the Nats at least $8-10M in salary.  Hey, not my money.  I don’t exactly think the team was actively trying to manipulate his time like they did with Strasburg, so maybe they just don’t care.

So that’s 7 vets and 8 arbitration cases.  That leaves 10 players to fill out the rest of the 25-man roster and they’re all Pre-Arbitration Players:

If the 2016 season started tomorrow, this is how i’d project the rest of the roster coincidentally.

Even factoring in nominal raises for guys like Roark and Robinson, this still doesn’t even total half of what Papelbon is due in 2016.  Pre-Arbitration players; the best deal in the game!

Here’s the rest of the 40-man roster, who under my projections would be toiling somewhere in the minors on a 40-man roster prorated basis:

I don’t think Cots counts these guys against payroll because unless they’re on the 25-man roster actively, they’re not necessarily getting paid like it.  I think.  I’m open to suggestion here.

So, where does that leave us?

• Existing Veteran Players under Contract: $82,671,429
• Buyouts of 2016 options: $2,250,000
• Players Eligible for Arbitration: $36,600,000 estimated
• Pre-Arbitration Players: $5,260,000 estimated

Total 2016 Projected Payroll: $126,781,429.

That’s $35m less than 2015.  So, if you make the argument that the Lerners will keep payroll even with 2015, that’s about $35M of payroll room with which to work.  For some reason I think they’re going to rein back in payroll, so lets call the target for 2016 about $150M.  Not too bad; that should buy what this team needs.

In my “GM for a Day” post in early October 2015, here’s what I put as a shopping list:

• Bullpen; if a $10M closer is acquired, you off-set the salary a bit with a Storen trade, and then perhaps buy a mid-level veteran RHP for $5-6M/year.
• Lefty hitters: not much on the FA market that won’t cost you an arm and a leg; we could get creative and move some depth for another $10M outfielder type and use Taylor as a 4th.
• Backups: Maybe some infield depth in the $5M range.
• Maybe rotation competition; frankly there’s better things to spend money on, so I think they go to battle with what they have.

So, that’s roughly $25M in acquisitions, right around the $150M target.  That could work.

What do you think?  Sound like a good plan?