This is just an estimated breakdown at how things look with the projected 25 man Roster/Payroll for 2013 Minus the reported deferred salary amounts of $5M to Johan Santana, $3M to David Wright and $15M to Jason Bay.
Note: Keep in mind that Johan Santana’s buyout was reported that it will be part of 2013 payroll.
Dec 19
A Look At The Mets 2013 Projected Roster/Payroll After The R.A. Dickey Trade
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6 comments
darknova306
12/19/2012-10:19pm at 10:19 pm (UTC -4)
When does the arbitration stuff start? I never pay enough attention to remember this stuff.
greggofboken
12/19/2012-10:33pm at 10:33 pm (UTC -4)
Figures exchanged 1/18. Hearings 2/4-20.
greggofboken
12/19/2012-10:28pm at 10:28 pm (UTC -4)
Rubin’s reported that based on his understanding of the Mets’ financial accounting methods, the $15M in deferred payments to Bay count against the 2013 payroll — that the deferral is for cash flow flexibility only.
This is a point of contention. I had a brief dialogue w/him about it when he posted it. It’s unclear to me.
srt
12/20/2012-8:27am at 8:27 am (UTC -4)
So does that mean it only counts in 2013 towards the luxury tax cap, but since it’s really deferred the Mets have that money to spend this upcoming season?
Confusing, for sure.
greggofboken
12/20/2012-8:56am at 8:56 am (UTC -4)
I believe that if his assumption is right it means a) yes, it counts towards the cap, b) it counts against the payroll budget as money spent (as would Johan’s), and c) the Mets have better cash flow because while the expense is booked against current year budgets the actual payments aren’t required until the future.
Yes….very confusing. The above figures, Rubins, and Baseball Reference’s are all at some degree of odds with each other’s. I imagine the Mets don’t lose an awful lot of sleep over some not-quite-easily-understood math.
SaltyGary
12/20/2012-9:36am at 9:36 am (UTC -4)
This makes sense and it’s really what they are technically doing with Bonilla and Saberhagan. Take the money owed to them and put it in another account. It counts as a payroll expense in the accounting, while it sits somewhere else making money in other investments.
In theory it should work especially when guys like Bay are getting no interest. It’s like a free loan. Where it crushed them is believing the were going to consistently get high returns from Madoff and they planned their business around those returns. They gave Bonilla and Saberhagan deals they couldn’t refuse and those are going to bite them in the ass. The Santana, Wright and Bay ones are pretty risk adverse.