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Each Team’s Free Agent Spending Thus Far

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The New Year serves as a symbolic halfway point of the offseason. We’re two months removed from the final game of last year’s Fall Classic and about seven weeks from the first Spring Training contests of 2024. There’s still plenty of offseason to go — only 22 of MLBTR’s Top 50 free agents are off the board — but we’ll take this opportunity to check in on which teams have been the most active thus far.

Using our Contract Tracker, we see all of this offseason’s free agent activity. We’ll limit this look to players who inked major league contracts and set the cutoff as November 6 — the date on which free agents were first permitted to speak with teams other than their 2023 club. This excludes the extensions signed by Joe Jiménez (Braves), Max Muncy (Dodgers) and Colin Rea (Brewers) between the start of the offseason and the official opening of free agency.

This isn’t an exhaustive look at a team’s offseason activity. The Yankees (Juan Soto) and Braves (Chris Sale) took on high-priced star players in trade, while the Dodgers extended Tyler Glasnow and the Brewers signed a long-term deal with top prospect Jackson Chourio. This looks only at free agency. Teams are ordered by overall spending.

Los Angeles Dodgers

Total guarantees: $1.043 billion

Philadelphia Phillies

Total guarantees: $172MM

Arizona Diamondbacks

Total guarantees: $122MM

San Francisco Giants

Total guarantees: $121.25MM

Cincinnati Reds

Total guarantees: $106.2MM

Kansas City Royals

Total guarantees: $105MM

St. Louis Cardinals

Total guarantees: $99MM

Detroit Tigers

Total guarantees: $45.75MM

Boston Red Sox

Total guarantees: $39.5MM

Atlanta Braves

Total guarantees: $30MM

San Diego Padres

Total guarantees: $28MM

Texas Rangers

Total guarantees: $26.5MM

Toronto Blue Jays

Total guarantees: $25.5MM

Chicago White Sox

Total guarantees: $24.3MM

Seattle Mariners

Total guarantees: $24MM

New York Mets

Total guarantees: $18.8MM

Pittsburgh Pirates

Total guarantees: $16.2MM

Baltimore Orioles

Total guarantees: $13MM

Houston Astros

Total guarantees: $12MM

Milwaukee Brewers

Total guarantees: $11.25MM

Los Angeles Angels

Total guarantees: More than $6.8MM

Cleveland Guardians

Total guarantees: $4.75MM

Washington Nationals

Total guarantees: $4.25MM

Oakland A’s

Total guarantees: $1.5MM

Tampa Bay Rays

Total guarantees: $1.1MM

Minnesota Twins

Total guarantees: $950K

New York Yankees

Total guarantees: $0

Chicago Cubs

Total guarantees: $0

Miami Marlins

Total guarantees: $0

Colorado Rockies

Total guarantees: $0

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