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With Reported 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

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The Phillies and veteran outfielder Max Kepler agreed to a one-year/$10 million deal Thursday night, according to Jeff Passan of ESPN. The deal is pending a physical, but would add another big salary to the payroll for 2025. 

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

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, and will make approximately $800,000, per Spotrac. For the purposes of this article, we've projected that these seven players will count that price against the luxury tax threshold. 

Max Lazar

Kody Clemens

Rafael Marchán 

Tanner Banks

Weston Wilson

Johan Rojas

Orion Kerkering

Projected Pre-Arb Commitments: $5.6 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. 

Luckily for the Phillies, this doesn't count against the luxury tax threshold. 

Projected Declined Option Commitments: $1 million (This will not factor into the final equation, though, because it doesn't count against the luxury tax threshold)

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 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: $291.36 million

Without making any more additions, 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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