Padres “Prefer” To Stay Under Luxury Tax In 2024, Could Reduce Payroll Below $200MM ...Middle East

The Padres have long been expected to pare down payroll significantly this offseason, with early signals indicating a target payroll of no more than $200MM for the 2024 season as they look to get back into compliance with the league’s debt service rules. The Athletic’s Dennis Lin reports that the club may plan to cut payroll even more drastically, suggesting that the club’s final payroll next season could come in “more than a little lower” than that aforementioned $200MM figure as club officials reportedly “prefer” to stay under the luxury tax threshold in 2024. Importantly, Lin notes that the club would be willing to go “slightly” over the luxury tax if the right opportunity were to present

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