When I was putting together my annual Bobby Bonilla Day post, I noticed just how much retained/dead money salaries existed in the MLB ecosystem.  At first, I was going to add it onto the Bobby Bonilla Day post, but as I was typing away, I realized that it had some legs to stand on its own, so I decided to ultimately break it off and let it fly and artificially inflate my post count that doesn’t matter to anyone else on the planet but me.

So as kind of an addendum to the Bobby Bonilla Day post, the topic this post is retained salaries, which I like to simply consider, dead money.

While combing through salary information, I noticed almost as frequent amounts of cases of retained/dead money on most teams, and this is different from deferred money because these payment obligations are not predetermined and agreed upon so much as they’re salaries that teams agree to be responsible for in exchange for these talents to be cut and free up the roster space.

That being said, there were 24 players spanning 18 teams who are getting paid despite in most cases, not being on a Major League roster, or even actively playing at all.  Combing through the names and cases, there are typically two primary camps of retained/dead money: young prospects who clearly have savvy agents who managed to get them guaranteed salary numbers, but they proved to not be ready for the Major Leagues yet, got demoted or cut, but the team was still on the hook.  Or, there are veterans with substantial money, that in most cases, fell off a cliff, got injured, and the team preferred to cut them and eat the salary just to free up the roster spot.

Naturally, 24 players is almost a roster, so here we go again – the 2024 All-Retained, All-Dead Money Starting Lineup that actually has a catcher:

Pos.	Name	Salary	Team	Retired?
C	Matt Thaiss †	$100K	CHW/LAA	Active
1B	Eric Hosmer †	$17.9K	BOS/SDP	2023
2B	Isiah Kiner-Falefa	$1.2	PIT	Active
3B	Nolan Arenado †	$5.0M	COL	Active
SS	Wander Franco	$16.5	TBR	2023
OF	Mitch Haniger	$14.5M	SEA	Active
OF	Cody Bellinger	$2.5M	CHC	Active
OF	Aaron Hicks	$10.7M	NYY	2024
DH	Jose Abreu †	$19.5M	HOU	2024
SP	Stephen Strasburg	$35.0M	WAS	2022
SP	Nestor Cortes	$2.0M	NYY	Active
RP	Ryan Pressley	$5.5M	HOU	Active
RP	Taylor Rogers	$6.0M	SFG	Active
	Reserves
INF	Andres Giminez	$1.0M	TOR	Active
OF	Jorge Soler	$1.9M	SFG	Active

†denotes player receiving multiple paychecks

So as you might be able to see, there’s an absurd roster to be constructed from the dead money alone, and further illustrates the egregious amounts of financial waste that exists in the constructs of Major League Baseball, as well as professional sports itself.  Sure, nobody should be obligated to work for free, and I too believe in the idea of past services rendered pay, when players are generally paupers on their minors to majors journey, if they even make it, but there are some dudes who simply don’t need the money and should probably feel ashamed to be accepting it.

Of course, I’m mostly referring to pitcher Stephen Strasburg, who is going to be making $35M from the Washington Nationals (bringing their total sunk cost amount to $60M).  Yes, the man carried the team to a World Series in 2019, and at that point, had already cleared $80M in career earnings.  Since then, he has suffered constant injuries and can no longer play baseball, but somehow the Nats are still on the hook for his retained salary until 2027, in which he will start making deferred payments from them instead.  At this time he has tripled his career earnings, and by the time the Nationals are done being handcuffed to him, he will nearly have quadrupled.

Wander Franco is a unique case, because his salary is probably going to be refunded to the Rays on account of his sexual deviancy scandal which has him out of baseball outright currently, but he still shows up on their books for the time being.

Matt Thaiss is a guy I’ve never heard of in my life, which added to my surprise at seeing him appear twice in retained lists, for both the Angels and the White Sox.  He’s a journeyman catcher who really isn’t good, but as documented, catching is the thankless position, so he seems to have always managed to have a job.  But his agent clearly seemed to be clever enough to ensure that he still got a paycheck, and although both teams are only on the hook for $50K a piece, which is pennies to a Major League squad, $100K to play baseball is still the dream, and why Thaiss makes a roster at all.

As far as dead money goes, there’s about $146,789,000 of it on the books of these 18 teams.  That would rank 16^th in MLB payrolls, higher than 14 other teams.

Which brings me to one final observation before I begin to wrap all this up: six teams managed to have absolutely no deferred money obligations, nor did they have any dead money retained salaries.  The A’s, the Detroit Tigers, the Kansas City Royals, the Miami Marlins, the Texas Rangers, and of course, the Atlanta Braves.

People accuse me of being pessimistic and curmudgeon about the Braves and their perception that they don’t spend money, but it all comes from actual evidence.  The team is so risk-averse and absolutely unwilling to compete when it comes to any transaction that requires them to open their wallets.  There’s zero creativity when it comes to paying people, and as a result they lose out on every free agent that could possibly help them, and it’s laugh-worthy whenever the Braves’ name is mentioned an interested party in any available free agent.

As much as baseball nerds love to debate and typically applaud teams for smart spending, as it’s demonstrating more and more these days, sometimes you have to spend some money in order to get results.  Everyone may hate the Dodgers for committing a billion dollars to their roster, but there’s little reason to believe that they’re not going to cruise to the playoffs this year, and every foreseeable year afterward.  And when their payments start to come due in the 2030’s, they’re no guarantee to turn into the 2010s Phillies, because they have smart, creative people in their free agent that aren’t afraid to find alternative ways in order to remain competitive.

The six teams that have no debts whatsoever, I don’t really see that as much of a good thing as much as I see six franchises that are cowards when it comes to spending money, and more interested in finding the perfect balance of maintaining a baseball club while padding the pockets of investors.  The challenge as fans is to able to sift through the context, and find out how much teams feed us bullshit, versus how much they’re actually willing to invest.

Anyway, much like Bobby Bonilla Day, when it comes to retained salaries, there’s a tremendous amount of waste here as well.  I don’t know if I will do this one on an annual basis, because I found that writing about this topic dregs up more angst and venom towards the Braves than any Braves fan really should have towards the team they’re actually fans of.

Perhaps if they haven’t been underperforming as much as their roster’s potential could be great, I wouldn’t feel this way, but we’ll see where we land this time next season.