
As the only the major North American professional sport without a salary cap, Major League Baseball economics can be wild to behold.
While a salary cap has provided some competitive balance in other sports, MLB’s player union has fought for decades to keep the cap from coming to their sport. It also hasn’t stopped teams near the bottom from competing.
Still, the teams willing to spend the most money tend to be the most dominant. That likely won’t change in 2026 as the top six teams in baseball with the highest payrolls all made the postseason last year.
MLB's highest-paid players by position: C | 1B | 2B | 3B | SS | OF | DH | SP | RP
The defending World Series champion Los Angeles Dodgers take the No. 1 spot when it comes to spending, too, checking in with a payroll nearing $400 million.
Meanwhile, the Cleveland Guardians have finished first or second in the American League Central for nine of the last 10 seasons - and have made the playoffs in three of the last four - but have the 29th-ranked payroll, spending just $97.7 million on its roster heading into spring training.
That’s still almost $20 million more than the last-place Miami Marlins, though. The Marlins’ $78.1 million roster has just 10 players who either carry guaranteed salaries or are eligible for arbitration.
Here’s a breakdown of all 30 teams.
Ohtani is an unusual case as his salary structure sees him make just $2 million in cash through his deal that runs through 2023. However, he will make $68 million per year from 2034, when he will become an unrestricted free agent, through 2043. As of this season, his net worth is approximately $150 million.
Thanks to Ohtani’s unusual deal, Soto is the highest paid player in baseball currently. Soto’s deal is front-loaded as he will make $61.9 million for three of the next four years before bringing $46 million a season starting in 2030.
Judge is tops here only on a technicality. Cody Bellinger’s average annual value is $44.8 million, but includes an opt-out clause after either the 2027 or 2028 seasons.
Wheeler is the second highest paid player this season and highest paid pitcher. He underwent shoulder surgery in September and isn’t expected to join the roster until late April or early May.
Guerrero’s signing of a 14-year deal last year made waves. It also made him a boatload of money. He’ll take home $40.2 million this season.
Xander Boegarts makes more this season by a couple hundred thousand dollars. But Machado gets a $14 million raise going into 2027 and will play the final six years of his contract making $39.1 million a season.
After Crochet’s first season in Boston, the Red Sox may have gotten a steal with their ace’s deal. Though, like the Yankees, the Sox could be paying more money to Sonny Gray if both he and the club pick up their mutual option in 2027.
Atlanta’s two corner basemen will both make $22 million a year through 2029. Riley’s deal will go two years more at that number while the Braves carry a club option on Olson in 2030.
Bregman is the team’s highest paid player even with an Ohtani-like deal that defers some of his money, bringing the actual total during contract length to $30.9 million average annual value.
Valdez, who signed in mid-February, makes about $15 million more in average annual value than Baez, who is second on the roster in AAV.
Altuve is just ahead of Correa in AAV as the latter makes $32.8 million per year through the length of his deal.
The Giants may be seeking a bit more return on investment from Devers as his first season in San Francisco was fair, but probably not worth the money remaining on his current deal.
It’s unclear where the Orioles stand after a disappointing 2025. By signing Alonso in the offseason and giving him a $12.5 million raise starting in 2027, they don’t seem to think they’re rebuilding.
DeGrom and Seager remain two of the best players in baseball and their salaries worth it, as long as they’re healthy. That’s a big "if" in Texas, where everything’s bigger.
The Angels removed the albatross that was Anthony Rendon’s salary this offseason. They still owe him $38 million-plus, but they came to an agreement to pay that out over a number of years while removing him from the organization.
Arenado has just two years left on his deal and will see his salary go from $27 million in 2026 to $15 million next year. Burnes, meanwhile, is signed through 2030.
No longer the thrifty Royals, Kansas City opened the pocketbook for Witt, one of baseball’s best players. He’s signed through 2034.
Rodriguez’s salary is tricky as he’s signed through 2029, but holds player options from 2030 to 2034. The club also holds conditional options after 2029.
Suarez re-signed in the offseason with the club he broke out with in 2015. Usually a third baseman, expect him to play as a designated hitter more in 2026 as Hayes’ glove will see him get a bulk of the starts at third base.
Given everything that’s said about the Athletics, it might be a modest surprise to see them this high, even. Soderstrom is one of only four players locked up with a guaranteed salary beyond this season, though.
Yelich is no longer the player who won National League Most Valuable Player in 2018 and finished second in 2019. But finishing 12th in his age-33 season last year added to that makes the deal plenty worth it.
The biggest question surrounding the Pirates is whether they’ll pony up the cash to keep Paul Skenes in town. He’s still working on pre-arbitration deals for now.
Buxton has three years left on his deal while Lopez has two. No one else on the roster makes more than $7 million a season.
The usually-high-spending Cardinals are rebuilding. Only three players have guaranteed salaries this season while another six are in their eligible-for-arbitration years.
Bryant’s career appears to be all but over as chronic back injuries have plagued pretty much his entire stint in Colorado.
Chicago’s southsiders appear to be coming out of their rebuild. The signing of Murakami out of Japan signals the next step from the youth movement. That and keeping the now-31-year-old Benintendi around.
Franco will never play in Major League Baseball again. The highest paid player actually on the Tampa Bay roster is Yandy Diaz, who is on the final year of a four-year, $36-million contract. For average annual value, the leader is Nick Martinez, who signed a one-year deal worth $13 million in the offseason.
Ruiz is the only player guaranteed to be around after this season as his deal runs through 2030. Williams is set to be a free agent at season’s end.
The only position player with a guaranteed contract other than Ramirez? Veteran back-up catcher Austin Hedges.
The Marlins have exactly zero players signed beyond the 2026 season. Such is baseball life in South Florida.
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