The Giants, anticipating a reduction in player payroll for the upcoming season, experienced a rise in 2024 spending primarily due to late-offseason acquisitions, which elevated their competitive balance tax number.
This year's payroll stands at approximately $208MM, up from about $188MM last year, marking the Giants' first luxury tax payment in six years, albeit a modest sub-$3MM.
With the prospect of being taxed at an increased rate for exceeding the competitive balance tax next season, the Giants face significant risks if they pursue marquee free agents this winter.
The team is looking for key positional upgrades with their sights set on shortstop Willy Adames and first baseman Pete Alonso, though competition is stiff with teams like the New York clubs.
Collection
[
|
...
]