I just wanted to add AtWork's post from the 2012 Financials Thread, since it has all of the luxury cap numbers. Just to be clear, this is mostly his work, but I pretty much threw out all of his arbitration estimates(because they were terrible) and added my own, with comparisons to other players in the same positions at the same or similar arbitration years:
Let me preface by saying that I calculated every player's salary by their annual average salary over the length of their contract because that is how they are calculated for the purpose of the luxury tax threshold. All figures are in millions and rounded to to the 100th.
Players Under Contract
Gonzalez - 20.71
Crawford - 20.29
Beckett - 17
Lackey - 16.5
Youkilis - 10.31
Matsuzaka - 8.67
Buchholz - 7.49
Pedroia - 6.75
Jenks - 6
Lester - 6
Iglesias - 2.06
Scutaro - 1.5 (cost of buyout)
123.02 total.
Arbitration Eligible Players
Ellsbury - 11 (comparison-- Hamilton)
Bard - 4.00 (comparison-- Papelbon)
Aceves - 3.00 (no comparison)
Saltalamacchia - 1.80(comparison Navarro)
Albers - 1.30 (comparison Chamberlain)
Lowrie - 1.20(so few games played, he doesn't have a very strong case)
Aviles - 1.20
Morales - 0.50
24 total.
That would give us a salary of $147.02 million going into next year. If you round out the rest of the 40-man with players making an average of 0.50 million a year, that would mean our base salary going into 2012 sits at $157.02 million. The luxury tax threshold in 2012 will be $186 million. If you reserve $5 million for contract bonuses, that leaves us with just over $24 million to work with in free agency next year to sign a DH, a starter, a closer, a shortstop, a backup catcher and possibly a right fielder. The arbitration may be a little off, but they're all in the right ballpark.