Auditing Wilpon's payroll computation

January, 21, 2011
1/21/11
2:27
PM ET
Jeff Wilpon's suggestion the Mets' payroll likely will end up in the $145 million-plus range appears to have merit. But let's take a closer look ...

First, here's a list of 18 major salary commitments for the upcoming season:

Johan Santana: $22,500,000
Carlos Beltran: $18,500,000
Jason Bay: $16,000,000
David Wright: $14,000,000
Oliver Perez: $12,000,000
Francisco Rodriguez: $11,500,000
Jose Reyes: $11,000,000
Luis Castillo: $6,000,000
R.A. Dickey: $4,025,000
Mike Pelfrey: $3,9250,000
Angel Pagan: $3,631,250
Ryota Igarashi: $1,750,000
Chris Capuano: $1,500,000
Ronny Paulino: $1,350,000
D.J. Carrasco: $1,200,000
Chris Young: $1,100,000
Scott Hairston: $1,100,000
Taylor Buchholz: $600,000

(In the case of Dickey and Pagan, we're using the midpoint of their arbitration request and the team's offer.)

That totals $131,681,250.

But that's just the tip of the iceberg.

First of all, of the 18 players listed there, there's a solid chance Perez, Castillo and Igarashi are not actually on the roster. And that means the Mets are going to have to pay 10 other players at the major league rate just to field a team.

Take a rough estimate of their salaries -- $500,000 apiece -- and that adds another $5 million to the total obligation. (Willie Harris and Taylor Tankersley or Tim Byrdak would be slighly more, Josh Thole and Ike Davis slightly less, but the 10 players likely average about that figure.)

So now you're at roughly $136,681,250.

Of course, it's too confusing to go over every bonus, but several players can make significantly more if they give a full season's worth of output. Remember, Young can earn an extra $3.4 million in incentives and Capuano can earn an additional $3 million in incentives. Buchholz gets another $400,000 alone just for making the roster. Pelfrey has $50,000 in incentives, too.

Do those bonuses all max out and bring the total to $145 million? Probably not.

But remember this, too: If K-Rod does not finish 55 games and his $17.5 million contract does not vest for 2012, he's due a $3.5 million buyout that would be charged to 2011.

And any time a player lands on the DL, someone else needs to be called up. No team is just paying 25 major league salaries for the season.

Of course, some money -- say for Beltran -- is deferred to future years with interest. But if you're going to start deducting that amount, then you have to start adding previous years' deferrals to now. (One of those is Bobby Bonilla, if you recall, who this year begins collecting $1.19 million annually from the Mets for 25 years.)

So is Wilpon's figure precise? No.

Is it disingenous? No, as well.
Adam Rubin has covered the Mets since 2003. He's a graduate of Mepham High School on Long Island and the Wharton School of the University of Pennsylvania. He joined ESPNNewYork after spending 10 years at the New York Daily News.
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