Sep 22, 2011, 5:22 PM EST
General manager Walt Jocketty said earlier this week that the Reds will exercise their $12 million option on Brandon Phillips for next season and today he revealed that the team’s payroll will rise from the current $80 million mark.
“Our preliminary projections are that we’ll bump it up a little,” Jocketty told John Fay of the Cincinnati Enquirer. “We’re still working on the end number. But it will be more than it was this year.”
Fay speculates that the “bump” will be to around $85 million, which is why Jocketty replied “probably not” when asked about potentially pursuing big-name free agents. All but 12 teams have a payroll above $85 million this season.
If the Reds pick up their options on Phillips and closer Francisco Cordero that would put them at $68 million in commitments before factoring in arbitration raises and minimum-salaried players, so unless they cut Cordero loose Jocketty will be bargain shopping.
- Merry Christmas from HBT! 0
- THE YEAR IN REVIEW: HBT’s most commented-upon stories of the year 80
- The Yankees are treating Alex Rodriguez differently than they treated Derek Jeter. So what? 34
- Braves sign setup man Jason Grilli to two-year contract 13
- My Imaginary Hall of Fame Ballot 119
- Phil Hughes signs a three-year extension with the Twins 27
- The Padres have talked to the Phillies about Cole Hamels 23
- Why is John Smoltz a shoo-in for the Hall of Fame? 63
- Bud Selig will get a $6 million a year pension. Which is obscene. (145)
- My Imaginary Hall of Fame Ballot (119)
- Today’s specious anti-Mike Piazza-for-the-Hall-Fame argument (94)
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site (90)
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” (85)