Since April 2006, when the Cubs gave Derrek Lee a $65 million contract, they have spent $543 million on contracts since then. In addition to the 65M for Lee, they spent 38.5M on Scott Eyre, Ryan Dempster, and Bob Howry, the 300M spree in the 06-07 off-season, with 136M to Alfonso Soriano, 75M to Aramis Ramirez, 40M to Ted Lilly, 21M to Jason Marquis, 13M to Mark DeRosa, and 15M on other little parts, 91.5M to Carlos Zambrano, and 48M to Kosuke Fukudome. With the impending sale of the Cubs, I decided to do some crunching and see how much of that the Tribune Co. is paying, and how much will be left over for the new owner, when the team is sold: (Salaries and signing bonuses paid that year counted in salary)
Scott Eyre: 11M
Bob Howry: 12M
Ryan Dempster: 15.5M
Mark DeRosa: 7.5M combined in 2007 and 2008.
2006:
Derrek Lee: 13M
2007:
Lee: 13M
Alfonso Soriano: 17M
Aramis Ramirez: 13M
Jason Marquis: 4.75M
Ted Lilly: 9M
Other parts: 15M
2008:
Lee: 13M
Soriano: 13M
Ramirez: 14M
Kosuke Fukudome: 12M
Carlos Zambrano: 20M
Lilly: 7M
Marquis: 6.375M
So so far, the Tribune Co. has spent 216.125M out of those 543M
For 2009, the Cubs have the following big salaries committed (as of right now):
Lee: 13M
Soriano: 16M
Ramirez: 15.65M
Kosuke Fukudome: 12M
Carlos Zambrano: 17.75M
Lilly: 12M
Marquis: 9.875M
DeRosa: 5.5M
That’s 101.775M committed to 8 players next year. At the rate this sale is moving, the Tribune Co. is probably on the hook for that money. That will be $317.9M of the 543M they spend
And if the sale goes past 2009, here is 2010:
Lee: 13M
Soriano: 18M
Ramirez: 15.75M
Kosuke Fukudome: 12M
Carlos Zambrano: 17.875M
Lilly: 12M
That’s $88.625M to those 6 in 2010, bringing the Trib’s tab to 406.525
At this point, Lee’s contract and Lilly’s contract will have expired. Soriano will have 72M left on his deal, Fukudome 12M, and Ramirez and Zambrano around 25M each. So everyone’s complaining about how the Tribune Co. is spending the new owner’s money is wrong. They’ve spent more than 200M of their spree, and their tab will cross $300M if the team is not sold in 2009. Look for an update of this as the free agent market unfolds. Oh, and check out http://www.mlb4u.com/ for baseball news. That site is great, and it’s where I got the year by year salaries from.