It hasn't really be a "steady" payroll cut. We had a lot of money on the books in 2019, some pretty long term. There was a massive cut with the Betts-Price trade and not replacing Porcello's money coming off the books. (Not brining Kimbrel and kelly beck for 2019 just amounted to paying the raises others got.
Of course, inflation make spending now look higher than it really is, comparatively, and the extensions kicked in for Sale, Nate and Bogey, but after 2020, we spent more and more- just poorly.
The CB Tax budget went like this:
$243M 2019
$185M 2020
$208M 2021 (one of the biggest jumps in spending in Sox history)
$236M 2022 (another one of the biggest jumps in Sox history)
$225M 2023 was the second decline year in 6 years
2024 will be the third decline year i the last 7 seasons and 2 in a row and 3 out of 5.
FYI, Sox spending declined for 2 years in a row, before under JH:
2007>2008>2009
It almost did from 2012>2013>2014, but for $2M more spent in 2014 than 2013.