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With Max Kepler Signing, What Is the Projected Payroll of the Phillies in 2025?

Aug 12, 2023; Philadelphia, Pennsylvania, USA; Minnesota Twins outfielder Max Kepler (26) advances toward first after hitting a double against the Philadelphia Phillies in the seventh inning at Citizens Bank Park. Mandatory Credit: Kyle Ross-USA TODAY Sports Kyle Ross

  • Phillies

The Phillies and veteran outfielder Max Kepler agreed to a one-year/$10 million deal Thursday night.  

Where do the Phillies stand in terms of payroll with that deal added in? We've done our best to project where the Phillies' current roster is at. This story will be updated throughout the offseason. 

2025 Guaranteed Luxury Tax Salaries 

Zack Wheeler: $42 million

Trea Turner: $27.27 million

Bryce Harper: $25.38 million

Aaron Nola: $24.57 million

J.T. Realmuto: $23.1 million

Nick Castellanos: $20 million

Nick Castellanos and Kyle Schwarber will each make major salaries from the Phillies in 2025. (Bill Streicher/USA Today)

Kyle Schwarber: $19.75 million

Taijuan Walker: $18 million

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Max Kepler: $10 million

Jordan Romano: $8.5 million

Matt Strahm: $7.5 million

José Alvarado: $7.33 million

Cristopher Sánchez: $5.63 million

José Ruiz: $1.23 million

Total Guaranteed Salaries: $240.26 million

Bryson Stott and Brandon Marsh are both arbitration eligible in 2025. (Bill Streicher/USA Today)

 Projected Arbitration Numbers For Tendered Players (Per MLB Trade Rumors)

The Phillies non-tendered Austin Hays last week, while agreeing to terms with Ruiz and Garrett Stubbs (who signed a split contract, and isn't listed because we're projecting he opens 2025 at Triple-A) to avoid arbitration. 

They tendered contracts to five other players. If they can't reach terms with these players, they'll go to an arbitration hearing. Here's what MLB Trade Rumors' Matt Swartz projects each will earn in arbitration. 

Ranger Suàrez: $8.9 million

Alec Bohm: $8.1 million

Bryson Stott: $3.5 million

Brandon Marsh: $3 million

Edmundo Sosa: $2.5 million

Projected Arbitration Commitments: $26 million

Johan Rojas is not yet arbitration eligible. (Bill Streicher/USA Today)

 Players Without Enough Service Time To Be Eligible For Arbitration

The following players are likely to be on the Opening Day roster, but don't yet have three years of service time. That means they aren't eligible for arbitration. According to Cots Baseball Contracts, this is the pay slate for pre-arb players based on their level of service time.

Zero MLB Service Time: $760,000 for full season, $62,000 prorated 

Less Than 1 Year of MLB Service Time: $760,000 for full season, $123,900 prorated 

1+ Years of MLB Service Time: $770,000 for full season, $186,000 prorated 

2+ Years of MLB Service Time: $780,000 for full season, $248,000 prorated

Based off of that, here's how much each pre-arb player projected to be on the Opening Day roster for the Phillies is set to make. 

Max Lazar (0.051 Service Time): $760,000

Kody Clemens (1.134 Service Time): $770,000

Rafael Marchán (2.006 Service Time): $780,000

Tanner Banks (2.092 Service Time): $780,000

Weston Wilson (0.113 Service Time): $760,000

Johan Rojas (1.080 Service Time): $770,000

Orion Kerkering (1.010 Service Time): $770,000

Projected Pre-Arb Commitments: $5.39 million 

Other Pre-Arb Calculations

Obviously, other pre-arb players will inevitably be called up throughout the course of the season that have not yet been calculated. Each team also has $1,666,667 in pre-arbitration benefits that players with less than three years of service time can earn. We've added that to the calculation. 

Other Pre-Arb Commitments: $1.67 million


Garrett Stubbs is on the 40-man roster for the Phillies, but may not be on the Opening Day roster. (Bill Streicher/USA Today)

 Players On The 40-Man Roster Not Projected To Be In Majors To Open Season (Per Cots Baseball Contracts


Obviously, there's 14 players on the 40-man roster who aren't projected to open the season in the majors. That list includes everyone from Garrett Stubbs — who does have a remaining minor-league option — to prospects like Mick Abel. Their minor league salaries still count against the luxury tax threshold. 

Some of them are difficult to calculate. According to Ronald Blum of The Associated Press, Stubbs signed a deal that will only pay him $450,000 if he's at Triple-A Lehigh Valley. It will pay him $925,000 if he's in the majors.

The Phillies obviously have a better idea of who internally they expect to be in the majors in 2025 at some point. So they surely have a larger number than the public, because they probably are already calculating player like Buddy Kennedy, Cal Stevenson and Michael Mercado, who aren't necessarily guaranteed to be on the Opening Day roster, but will probably be at some point. 

No. 1 prospect Andrew Painter isn't on the 40-man roster yet, but almost certainly will be at some point in the summer. 

So take this number with a grain of salt, it's definitely going to be higher. 

Players On 40-Man Roster: $2.6 million 

Whit Merrifield will be paid $1 million by the Phillies in 2025. (Gary A. Vasquez/USA Today)

 Declined Options

The Phillies signed Whit Merrifield to a one-year/$8 million deal last spring, but released him in July after he hit .199 in 137 at-bats. His deal included an $8 million option for 2025, which was declined when he was released. Still, the Phillies will owe Merrifield a $1 million buyout on that option in 2025. 

Projected Declined Option Commitments: $1 million

Didi Gregorius is still being paid by the Phillies. (Jim Rassol/USA Today)

Deferred Money

Largely, the Phillies have avoided adding deferred money into contracts, something the Los Angeles Dodgers and Washington Nationals have made a habit of doing. 

However, the Phillies did include some deferred money in the two-year/$28 million deal they signed Didi Gregorius to after the 2021 season as the baseball world was dealing with the economic fallout of the COVID-19 pandemic. 

Gregorius will be paid $2 million by the Phillies in 2024, even though he hasn't played with the club since the summer of 2022. That full amount will count against the luxury tax threshold. 

Projected Deferred Money Commitments: $2 million (This will be not be factored into the final equation, because it does count against the luxury tax threshold) 

Bryce Harper and Trea Turner are two of the highest-paid players on the Phillies. (Jesse Johnson/USA Today)

Player Benefits 

While the specifics are vague, Spotrac estimates that the Phillies have $17.5 million in player benefits on the books in 2025, which do count against the luxury tax threshold. 

Total Luxury Tax Threshold Projection: $294.42 million

Without making any more additions or calling anyone up, the Phillies are already projected to be over the second surcharge. The baseline for the three surcharges are 12%, 45% and 60%, but because the Phillies will be paying the luxury tax for the fourth consecutive year, they get an additional 50% added on to each tax. 

First Surcharge (52% tax on all overages): $261 million

Second Surcharge (95% tax on all overages): $281 million

Third Surcharge (110% tax on all overages): $301 million

Read More Phillies Content At On Pattison

  1. Phillies Mailbag: Is Alec Bohm Being Overvalued?
  2. ...the Phillies Are Probably Still The Best Team In The NL East Right Now
  3. Ahead Of Contract Year, Ranger Suárez Hires Scott Boras
  4. Ken Rosenthal On Alec Bohm: 'I Would Expect He Will Not Be On The Phillies' In 2025
  5. After MLB Winter Meetings, What Is The Projected Payroll Of The Phillies In 2025? 
  6. Phillies Reportedly Asked For Mason Miller When A's Called On Alec Bohm
  7. Report: Phillies Offered Aidan Miller And Justin Crawford For Garrett Crochet In July, Balked At Doing The Same In December
  8. Review: New MLB Network 'Michael Jack Schmidt' Documentary 
  9. Cryptic Jeff Hoffman IG Post Doesn't Look Good For Phillies
  10. Jordan Romano Says Pitching In Front Of A Packed CBP On Wednesday Afternoon Made Phillies Attractive


author

Tim Kelly

Tim Kelly is the Managing Editor for On Pattison. He's been on the Phillies beat since 2020. Kelly is also on Bleacher Report's MLB staff. Previously, Kelly has worked for Phillies Nation, Audacy Sports, SportsRadio 94 WIP, Just Baseball, FanSided, Locked On and Sports Illustrated/FanNation. Kelly is a graduate of Bloomsburg University with a major in Mass Communications and minor in Political Science.

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