Here's something on Theo & the Cubs' budget:
Breaking down Cubs' financial situation
Oct. 30: Cubs president of baseball operations Theo Epstein has made it a policy not to delve into specifics when it comes to his team's payroll plans in any given year, but chairman Tom Ricketts' comments on 670 AM The Score in Chicago on Wednesday morning at least gave some indication that he'd like to trim the payroll and get below the $208 million Competitive Balance Tax threshold in 2020.
"It's not about how much you spend," Ricketts said on the Mully & Haugh Show, pointing out that the Cubs had an estimated $234 million payroll in 2019 but went 84-78. "It's about how much you win. The correlation between spending and winning isn't nearly as strong as we'd like it to be in a sense. Obviously, the top couple teams in the league [in payroll] didn't make the playoffs. We spent more than every team that made the playoffs -- probably a couple of them combined. Even if you really thought spending was the answer, the free-agent market is always fraught.
"This year we'll pay several million dollars to the league, which is just kind of a dead-weight loss that goes to the other teams. And on top of that, if you do it for too long, the fees go up. And if you do it for too much, then you lose Draft picks. Ultimately, it's great to have the financial resources that we do. It's an advantage, and there's no doubt about it."
The Cubs' roster, as currently constituted, could account for close to $200 million once options and projected arbitration costs are factored in, according to MLB.com's Jordan Bastian, which means the team is unlikely to be engaged on upper echelon free agents such as Gerrit Cole or Anthony Rendon.
Epstein's best route to improve the team could be trading a core piece such as Kris Bryant, Javier Báez or Kyle Schwarber to address other needs. All three can become free agents after the 2021 season. Anthony Rizzo could enter free agency the same year if his $16.5 million club options are picked up in each of the next two seasons. And Willson Contreras is due to hit the open market the following year.
While Ricketts expects the Cubs to remain a perennial contender, he conceded the team probably won't be able to re-sign all of its top players in the coming years. Bryant, Báez and Schwarber are also getting increasingly expensive now as they go through arbitration, which could be another motivation to move one of them.