12 teams 'cheaper' than the Twins based on 2024 payroll, 2023 revenue

Did you know that the Minnesota Twins spend a greater percentage of their 2023 revenue on 2024 payroll than the Boston Red Sox? It's true, although it needs to be put into context to fully understand how that's possible.

According to Forbes, the Twins made $342 million in revenue in 2023. That ranked 16th of 30 MLB teams. Minnesota's 2024 payroll is about $129 million, according to Spotrac, which ranks 19th in the majors.

Where do the Twins rank in terms when comparing 2024 payroll to 2023 revenue? By the numbers, the Twins are spending approximately 37.7% of the 2023 revenue on this season's roster. Believe it or not, there are 12 teams that qualify as "cheaper" based on that comparison.

Those cheaper teams include the Red Sox, Mariners, Nationals, Orioles, Brewers, Guardians, Reds, Pirates, Tigers, Rays, Marlins and Athletics. Take a look at the chart below for team-by-team details.

Of course, it's highly unlikely that the Twins and other teams base their present payroll on the revenue numbers from the previous season. It's probably far more complex than that, but this goes to show that while the Twins get the "cheap" label from local critics, there are plenty of other teams that belong in the same conversation.