The Los Angeles Dodgers, known for their high-spending habits in Major League Baseball (MLB), have once again made headlines with their formidable payroll for the 2024 season. The team, which had slightly scaled back in 2023, ranking sixth in payroll, is now gearing up for a significant financial leap, primarily due to the landmark signing of Shohei Ohtani.
As of now, the Dodgers' financial commitment for 2024 stands at an impressive $130 million, excluding the colossal Ohtani deal. Ohtani, a dual-threat as a pitcher and hitter, has inked a 10-year contract with the Dodgers worth a staggering $700 million.
This deal alone will add approximately $70 million to the 2024 payroll, catapulting the team's total to around $200 million.
Payroll Expansion Plans
This substantial figure, however, is likely just the starting point for the Dodgers.
With a reputation for aggressive spending, they are currently in talks with pitching sensation Yoshinobu Yamamoto, indicating their willingness to further bolster their roster. The addition of other high-profile free agents could push the team's payroll well beyond the $250 million mark, potentially placing them among the top spenders in the league.
The Dodgers' financial muscle is evident in the combined $100 million committed to Ohtani and outfielder Mookie Betts. This investment underscores the team's strategy of maintaining a high payroll to stay competitive. For context, the New York Mets currently lead MLB with a payroll of $223 million.
With the Dodgers' 2023 payroll at $240 million, it's expected that the 2024 figure will surpass this amount. The team's final payroll will become clearer after the arbitration process, the signing of extensions, and the acquisition of other free agents.
The Dodgers' management is known for its willingness to invest heavily in talent, ensuring a highly competitive roster. As the team continues to explore additional signings, with names like Blake Snell being mentioned, the 2024 payroll is set to increase even further.
The Dodgers' financial commitment to building a strong team is evident and is a clear signal of their intent to remain at the forefront of MLB competition. Fans and analysts alike will be watching closely as the Dodgers finalize their roster before Spring Training and Opening Day, anticipating a lineup that not only boasts star power but also represents one of the league's most significant financial investments.