When a team wants to subtract some salary from its ledger, it can sometimes arrange a trade that packages a well-paid veteran player with some prospects. The team on the receiving end effectively “buys” the prospects by taking on the unwanted salary of that veteran. The most recent example of this was the trade that sent Hunter Renfroe to the Brewers, with the Red Sox receiving Jackie Bradley Jr., along with infield prospects David Hamilton and Alex Binelas.
Renfroe was projected by MLBTR contributor Matt Swartz for a salary of $7.6MM in 2022, while Bradley will earn $9.5MM in 2022 and then there is a mutual option for 2023 that comes with a $12MM salary and $8MM buyout. Given Bradley’s horrible season at the plate in 2021, the Brewers wanted to get rid of that contract, and were willing to part with a couple of prospects to do it while still getting back a useful piece. The Red Sox, for their part, will take on that salary, hoping for a bounceback from Bradley. But even if that doesn’t happen, they will have bolstered their farm at least.
For other teams that want to follow the Brewers and shuffle a contract around, they might want to start by contacting the Nationals. After a massive trade deadline selloff in 2021, their current payroll is the lowest it’s been in years. Jason Martinez of Roster Resource estimates that they’re currently lined up for an opening day number of $118MM. The last time they were below that was 2012, the year 19-year-old Bryce Harper made his debut. In the past four years, they’ve been between $180MM and $200MM, prorating 2020’s number. (Past figures from Cot’s Baseball Contracts.)
The club is looking to “reboot” for a year or two, but seems to want to return to competing before superstar Juan Soto reaches free agency after the 2024 season. That means they are in position for this type of deal, as long as it’s a contract of the short-term variety. They could add to the young talent they acquired in their 2021 fire sale, while not limiting their ability to make a big move or two for the 2024 campaign and beyond.