RosterResource - Team Payroll

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MINNESOTA TWINS PLAYER PAYROLL

Estimated 2024 Payroll:$130MLegend:FREE AGENTClub OptionPlayer OptionMutual OptionVesting Option
Estimated Final 2023 Payroll:$158MEstimated Value|Money Owed to Team

Players With Guaranteed Salaries

PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Carlos Correa31.88.1196 yr, $200M (2023-28), 2029-32 vesting options$33,333,333$33,333,333$37,333,333$32,833,333$31,833,333$31,333,333$25,000,000$20,000,000
Pablo López30.45.0934 yr, $73.5M (2024-27)$18,375,000$8,250,000$21,750,000$21,750,000$21,750,000FREE AGENT
Byron Buxton32.67.1607 yr, $100M (2022-28)$14,285,714$15,142,857$15,142,857$15,142,857$15,142,857$15,142,857FREE AGENT
Anthony DeSclafani36.39.0623 yr, $36M (2022-24)$12,000,000$12,000,000FREE AGENT
Manuel Margot31.87.0122 yr, $19M (2023-24)$12,000,000$10,000,000$12,000,000
Christian Vázquez35.99.0313 yr, $30M (2023-25)$10,000,000$10,000,000$10,000,000FREE AGENT
Max Kepler33.47.1526 yr, $44M (2019-24; 2024 club option exercised)$10,000,000$10,000,000FREE AGENT
Kyle Farmer35.95.1291 yr, $6.3M (2024)$6,300,000$6,050,000$6,250,000
Carlos Santana40.313.1151 yr, $5.25M (2024)$5,250,000$5,250,000FREE AGENT
Chris Paddack30.55.0003 yr, $12.5M (2023-25)$4,166,667$2,500,000$7,500,000FREE AGENT
Randy Dobnak31.52.0435 yr, $9.25M (2021-25), 2026-28 club options$1,850,000$2,250,000$3,000,000$6,000,000$7,000,000$8,500,000
Jorge Alcala31.04.0141 yr, $845k (2024), 2025 club option$845,000$790,000$1,500,000FREE AGENT
PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Carlos Correa31.88.1196 yr, $200M (2023-28), 2029-32 vesting options$33,333,333$33,333,333$37,333,333$32,833,333$31,833,333$31,333,333$25,000,000$20,000,000
Pablo López30.45.0934 yr, $73.5M (2024-27)$18,375,000$8,250,000$21,750,000$21,750,000$21,750,000FREE AGENT
Byron Buxton32.67.1607 yr, $100M (2022-28)$14,285,714$15,142,857$15,142,857$15,142,857$15,142,857$15,142,857FREE AGENT
Anthony DeSclafani36.39.0623 yr, $36M (2022-24)$12,000,000$12,000,000FREE AGENT
Manuel Margot31.87.0122 yr, $19M (2023-24)$12,000,000$10,000,000$12,000,000
Christian Vázquez35.99.0313 yr, $30M (2023-25)$10,000,000$10,000,000$10,000,000FREE AGENT
Max Kepler33.47.1526 yr, $44M (2019-24; 2024 club option exercised)$10,000,000$10,000,000FREE AGENT
Kyle Farmer35.95.1291 yr, $6.3M (2024)$6,300,000$6,050,000$6,250,000
Carlos Santana40.313.1151 yr, $5.25M (2024)$5,250,000$5,250,000FREE AGENT
Chris Paddack30.55.0003 yr, $12.5M (2023-25)$4,166,667$2,500,000$7,500,000FREE AGENT
Randy Dobnak31.52.0435 yr, $9.25M (2021-25), 2026-28 club options$1,850,000$2,250,000$3,000,000$6,000,000$7,000,000$8,500,000
Jorge Alcala31.04.0141 yr, $845k (2024), 2025 club option$845,000$790,000$1,500,000FREE AGENT

Players Eligible For Arbitration

PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Caleb Thielbar39.55.1311 yr, $3.225M (2024)$3,225,000FREE AGENT
Willi Castro29.24.0171 yr, $3.3M (2024)$3,300,000ARB 3FREE AGENT
Ryan Jeffers29.13.0891 yr, $2.425M (2024)$2,425,000ARB 2ARB 3FREE AGENT
Justin Topa35.43.0441 yr, $1.25M (2024)$1,250,000ARB 2ARB 3FREE AGENT
Michael Tonkin36.73.0741 yr, $1M (2024)$1,000,000ARB 2ARB 3FREE AGENT
Alex Kirilloff28.72.1411 yr, $1.35M (2024)$1,350,000ARB 2ARB 3ARB 4FREE AGENT
PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Caleb Thielbar39.55.1311 yr, $3.225M (2024)$3,225,000FREE AGENT
Willi Castro29.24.0171 yr, $3.3M (2024)$3,300,000ARB 3FREE AGENT
Ryan Jeffers29.13.0891 yr, $2.425M (2024)$2,425,000ARB 2ARB 3FREE AGENT
Justin Topa35.43.0441 yr, $1.25M (2024)$1,250,000ARB 2ARB 3FREE AGENT
Michael Tonkin36.73.0741 yr, $1M (2024)$1,000,000ARB 2ARB 3FREE AGENT
Alex Kirilloff28.72.1411 yr, $1.35M (2024)$1,350,000ARB 2ARB 3ARB 4FREE AGENT

Notable Players Not Yet Eligible For Arbitration

PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Brock Stewart34.82.0931 yr, $900k (2024)$900,000ARB 1ARB 2ARB 3FREE AGENT
Bailey Ober31.02.0931 yr, $761.85k (2024)$761,850ARB 1ARB 2ARB 3FREE AGENT
Griffin Jax31.72.0911 yr, $761.75k (2024)$761,750ARB 1ARB 2ARB 3FREE AGENT
Joe Ryan30.12.0331 yr, $758.85k (2024)$758,850ARB 1ARB 2ARB 3FREE AGENT
Trevor Larnach29.42.0141 yr, $750k (2024)$750,000ARB 1ARB 2ARB 3FREE AGENT
Jhoan Duran28.52.0001 yr, $747.2k (2024)$747,200ARB 1ARB 2ARB 3FREE AGENT
Cole Sands29.01.0171 yr, $749.45k (2024)$749,450Pre-ARBARB 1ARB 2ARB 3FREE AGENT
Royce Lewis27.11.1421 yr, $745.7k (2024)$745,700ARB 1ARB 2ARB 3ARB 4FREE AGENT
Jose F Miranda28.11.1181 yr, $745k (2024)$745,000Pre-ARBARB 1ARB 2ARB 3FREE AGENT
Edouard Julien27.20.1351 yr, $746.75k (2024)$746,750Pre-ARBPre-ARBARB 1ARB 2ARB 3FREE AGENT
Matt Wallner28.60.1111 yr, $745.55k (2024)$745,550Pre-ARBPre-ARBARB 1ARB 2ARB 3FREE AGENT
Simeon Woods Richardson25.80.0061 yr, $740k (2024)$740,000Pre-ARBPre-ARBARB 1ARB 2ARB 3ARB 4
Estimated salaries for other pre-arbitration players$2,960,000
PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Brock Stewart34.82.0931 yr, $900k (2024)$900,000ARB 1ARB 2ARB 3FREE AGENT
Bailey Ober31.02.0931 yr, $761.85k (2024)$761,850ARB 1ARB 2ARB 3FREE AGENT
Griffin Jax31.72.0911 yr, $761.75k (2024)$761,750ARB 1ARB 2ARB 3FREE AGENT
Joe Ryan30.12.0331 yr, $758.85k (2024)$758,850ARB 1ARB 2ARB 3FREE AGENT
Trevor Larnach29.42.0141 yr, $750k (2024)$750,000ARB 1ARB 2ARB 3FREE AGENT
Jhoan Duran28.52.0001 yr, $747.2k (2024)$747,200ARB 1ARB 2ARB 3FREE AGENT
Cole Sands29.01.0171 yr, $749.45k (2024)$749,450Pre-ARBARB 1ARB 2ARB 3FREE AGENT
Royce Lewis27.11.1421 yr, $745.7k (2024)$745,700ARB 1ARB 2ARB 3ARB 4FREE AGENT
Jose F Miranda28.11.1181 yr, $745k (2024)$745,000Pre-ARBARB 1ARB 2ARB 3FREE AGENT
Edouard Julien27.20.1351 yr, $746.75k (2024)$746,750Pre-ARBPre-ARBARB 1ARB 2ARB 3FREE AGENT
Matt Wallner28.60.1111 yr, $745.55k (2024)$745,550Pre-ARBPre-ARBARB 1ARB 2ARB 3FREE AGENT
Simeon Woods Richardson25.80.0061 yr, $740k (2024)$740,000Pre-ARBPre-ARBARB 1ARB 2ARB 3ARB 4
Estimated salaries for other pre-arbitration players$2,960,000

Players No Longer On 40-Man Roster or No Longer In Organization

PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Trevor Richards33.25.0841 yr, $2.15M (2024)$2,150,000$2,150,000
Cole Irvin32.53.0831 yr, $2M (2024)$2,000,000$2,000,000
Jay Jackson38.72.0281 yr, $1.5M (2024)$1,500,000$1,300,000$3,000,000
Steven Okert35.03.1091 yr, $1.062M (2024)$1,062,500$1,062,500
Josh Staumont32.64.0721 yr, $950k (2024)$950,000$950,000
PlayerAgeService TimeContractInfoAAV2024202520262027202820292030
Trevor Richards33.25.0841 yr, $2.15M (2024)$2,150,000$2,150,000
Cole Irvin32.53.0831 yr, $2M (2024)$2,000,000$2,000,000
Jay Jackson38.72.0281 yr, $1.5M (2024)$1,500,000$1,300,000$3,000,000
Steven Okert35.03.1091 yr, $1.062M (2024)$1,062,500$1,062,500
Josh Staumont32.64.0721 yr, $950k (2024)$950,000$950,000

Incentives

Description2024202520262027202820292030
Incentives earned by Justin Topa (buyout escalator)$25,000
Description2024202520262027202820292030
Incentives earned by Justin Topa (buyout escalator)$25,000

Other Payments

Description2024202520262027202820292030
$ paid by Mets and Yankees to Michael Tonkin-$779,570
$ paid by Blue Jays to Trevor Richards-$1,444,892
$ paid by Orioles to Cole Irvin-$1,849,462
$ owed from LAD (Manuel Margot trade)-$6,000,000-$2,000,000
$ owed from SEA (Anthony DeSclafani trade)-$8,000,000
$ paid by Twins to Carlos Correa$24,580,645
$ paid by Twins to Chris Paddack$5,000,000
$ paid by Twins to Willi Castro$4,369,892
$ owed to HOU (Carlos Correa trade)$3,000,000$10,000,000$10,000,000$10,000,000
$ paid by Twins to Jhoan Duran$2,794,355
$ paid by Twins to Harrison Bader$2,731,183
$ paid by Twins to Danny Coulombe$2,048,387
$ paid by Twins to Randy Dobnak$2,000,000
$ due for buyout of Manuel Margot$2,000,000
$ paid by Twins to Griffin Jax$1,614,812
Carlos Correa signing bonus$1,333,333$1,333,333$1,333,333$1,333,333
$ paid by Twins to Ty France$682,796
$ paid to Jorge Alcala$620,968
$ paid by Twins to Brock Stewart$594,032
$ due for buyout of Kyle Farmer$250,000
$ due for buyout of Jay Jackson$200,000
$ due for buyout of Justin Topa$225,000
$ paid to Justin Lawrence$150,669
$ due for potential buyout of Josh Bell$1,250,000
$ due for buyout of Justin Topa$225,000
$ due for potential buyout of Joe Ryan$100,000
$ due for potential buyout of Victor Caratini$3,500,000
Estimated Payroll$129,616,866$118,038,260$90,869,278$56,326,190$29,976,190
Description2024202520262027202820292030
$ paid by Mets and Yankees to Michael Tonkin-$779,570
$ paid by Blue Jays to Trevor Richards-$1,444,892
$ paid by Orioles to Cole Irvin-$1,849,462
$ owed from LAD (Manuel Margot trade)-$6,000,000-$2,000,000
$ owed from SEA (Anthony DeSclafani trade)-$8,000,000
$ paid by Twins to Carlos Correa$24,580,645
$ paid by Twins to Chris Paddack$5,000,000
$ paid by Twins to Willi Castro$4,369,892
$ owed to HOU (Carlos Correa trade)$3,000,000$10,000,000$10,000,000$10,000,000
$ paid by Twins to Jhoan Duran$2,794,355
$ paid by Twins to Harrison Bader$2,731,183
$ paid by Twins to Danny Coulombe$2,048,387
$ paid by Twins to Randy Dobnak$2,000,000
$ due for buyout of Manuel Margot$2,000,000
$ paid by Twins to Griffin Jax$1,614,812
Carlos Correa signing bonus$1,333,333$1,333,333$1,333,333$1,333,333
$ paid by Twins to Ty France$682,796
$ paid to Jorge Alcala$620,968
$ paid by Twins to Brock Stewart$594,032
$ due for buyout of Kyle Farmer$250,000
$ due for buyout of Jay Jackson$200,000
$ due for buyout of Justin Topa$225,000
$ paid to Justin Lawrence$150,669
$ due for potential buyout of Josh Bell$1,250,000
$ due for buyout of Justin Topa$225,000
$ due for potential buyout of Joe Ryan$100,000
$ due for potential buyout of Victor Caratini$3,500,000
Estimated Payroll$129,616,866$118,038,260$90,869,278$56,326,190$29,976,190
Totals for estimated payrolls include potential buyouts and earned buyout escalators — but not option total or earned option escalator — for pending options

Other Payments (Luxury Tax)

Description2024202520262027202820292030
Max Kepler AAV adjustment (credited for unpaid buyout)-$1,000,000
Jorge Polanco AAV adjustment (credited for unpaid buyout)-$1,000,000
$ owed from LAD (Margot trade (luxury tax only))-$2,000,000
$ owed to LAD (Margot trade (LAD gets tax credit if club option declined))$2,000,000
Correa AAV adjustment$666,667$666,667$666,667$666,667
Jorge Alcala AAV adjustment (credited for unpaid buyout)-$55,000
Dobnak AAV adjustment (credited because AAV of money they actually paid ended up lower)-$83,404
Paddack AAV adjustment (credited because AAV of money they actually paid ended up lower)-$421,348
Description2024202520262027202820292030
Max Kepler AAV adjustment (credited for unpaid buyout)-$1,000,000
Jorge Polanco AAV adjustment (credited for unpaid buyout)-$1,000,000
$ owed from LAD (Margot trade (luxury tax only))-$2,000,000
$ owed to LAD (Margot trade (LAD gets tax credit if club option declined))$2,000,000
Correa AAV adjustment$666,667$666,667$666,667$666,667
Jorge Alcala AAV adjustment (credited for unpaid buyout)-$55,000
Dobnak AAV adjustment (credited because AAV of money they actually paid ended up lower)-$83,404
Paddack AAV adjustment (credited because AAV of money they actually paid ended up lower)-$421,348

Luxury Tax Payroll Estimate

Description2024202520262027202820292030
AAVs for players with guaranteed contracts (does not include players no longer on 40-man roster)$128,405,714$43,885,714$54,860,714$39,660,714$14,285,714
Salaries for players eligible for arbitration$12,550,000$18,325,000$23,300,000
AAVs for players with guaranteed contracts no longer on the 40-man roster$7,662,500$1,342,419
Earned incentives and escalators$25,000
Sum of Other Payments (does not include potential buyouts)-$18,073,924$49,370,403$11,484,002$11,333,333$11,333,333
Sum of Other Payments (Luxury Tax Only)-$4,000,000$2,106,915$666,667$666,667$666,667
Estimated salaries for players not yet eligible for arbitration and other players with non-guaranteed contracts$12,112,100
Estimated salaries for 40-man roster players in minor leagues$2,500,000$2,500,000$2,500,000$2,500,000$2,500,000
Estimated player benefits to be paid$17,000,000$17,500,000$18,000,000$18,500,000$19,000,000
Payment into $50M pre-arbitration bonus pool$1,666,667$1,666,667$1,666,667$1,666,667$1,666,667
Estimated Luxury Tax Payroll$159,823,057$135,354,699$113,820,469$74,352,381$49,452,381
Description2024202520262027202820292030
AAVs for players with guaranteed contracts (does not include players no longer on 40-man roster)$128,405,714$43,885,714$54,860,714$39,660,714$14,285,714
Salaries for players eligible for arbitration$12,550,000$18,325,000$23,300,000
AAVs for players with guaranteed contracts no longer on the 40-man roster$7,662,500$1,342,419
Earned incentives and escalators$25,000
Sum of Other Payments (does not include potential buyouts)-$18,073,924$49,370,403$11,484,002$11,333,333$11,333,333
Sum of Other Payments (Luxury Tax Only)-$4,000,000$2,106,915$666,667$666,667$666,667
Estimated salaries for players not yet eligible for arbitration and other players with non-guaranteed contracts$12,112,100
Estimated salaries for 40-man roster players in minor leagues$2,500,000$2,500,000$2,500,000$2,500,000$2,500,000
Estimated player benefits to be paid$17,000,000$17,500,000$18,000,000$18,500,000$19,000,000
Payment into $50M pre-arbitration bonus pool$1,666,667$1,666,667$1,666,667$1,666,667$1,666,667
Estimated Luxury Tax Payroll$159,823,057$135,354,699$113,820,469$74,352,381$49,452,381
Totals for estimated luxury tax payrolls include potential buyouts and earned buyout escalators — but not option total or earned option escalators — for pending options

LUXURY TAX EXPLANATION AND OTHER PAYROLL NOTES

  1. The luxury tax thresholds for 2024 are $237M, $257M, $277M, $297M, with increasingly sharp penalties for surpassing each threshold. This is the first year with four luxury tax thresholds instead of three.
  2. The average annual value (AAV) of guaranteed contracts is included, not what the player is actually being paid that year. The AAV of contracts with deferrals is lower due to the payout structure and is based on the inflation rate stated in the contract, but unless the exact AAV as calculated by the league is publicly reported, the AAV is calculated as it would be without deferrals.
  3. Other payments, such as money to and from other teams, are included. Buyouts of contract options are included in the initial AAV. If a contract option is exercised, the team is credited the value of the buyout on their CBT calculation for the option year.
  4. Players no longer on the 40-man roster are included in all cases, regardless of whether they were optioned or released.
  5. Salaries for all players on the 40-man roster, even salaries earned while in the minor leagues, are included.
  6. Player benefits include health insurance, transportation, meal money, and other non-salary payments for all 40-man roster players.
  7. The "estimated salaries for players not yet eligible for arbitration" figure (which is included in luxury tax and "actual" payroll) presumes that, when factoring IL time, each team will need to pay for at least 34 player-seasons over the course of the regular season. This number is calculated by subtracting the number of guaranteed and arbitration-year contracts from 34 (the number of player-seasons) and then multiplying the number that remains (typically around 10-15) by the league minimum salary.
  8. The league minimum salary for 2024 is $740k.
  9. For a player acquired during the current season, the AAV factored into the luxury tax is based on the amount of time left in the current season at the time of acquisition.