The Los Angeles Dodgers are on track to become only the second major league team with a $200 million payroll and could end the New York Yankees' streak of 14 years as baseball's biggest spender.
The Dodgers are at $214.8 million for 21 signed players next season, according to a study of their contracts by The Associated Press. That follows last weekend's additions of free agent pitcher Zack Greinke for a $147 million, six-year contract and South Korean pitcher Ryu Hyun-jin for a $36 million, six-year deal.
"Creating a lot of buzz, that's for sure," Greinke said. "And you do wonder when things are going to stop."
Crediting the $3.9 million Boston is paying Los Angeles next year as part of last August's trade and not counting the portions of signing bonuses for players obtained from the Red Sox, the Dodgers' 2013 payroll currently is at $207.9 million.
The Yankees have led each year since the Baltimore Orioles edged them by $200,000 in 1998, and New York has been at $200 million-plus every season since 2005. The record opening-day payroll of $209.1 million was set by the Yankees in 2008.
"I don't that there's anybody that can keep up with what the Dodgers are doing," Arizona Diamondbacks general manager Kevin Towers said.
Los Angeles, almost certain to pay the luxury tax next year, has joined the high rollers since the Dodgers were bought in May by Mark Walter's group, which also includes Magic Johnson and Stan Kasten.
"Dodger pride is on the way back," Johnson said.
Under outgoing owner Frank McCourt, they started the season with the 12th-highest payroll at $94.7 million. They boosted spending with the midseason acquisitions of Hanley Ramirez, Adrian Gonzalez, Josh Beckett, Carl Crawford and Brandon League.
The Dodgers finished 86-76 last season, eight games behind the eventual World Series champion San Francisco Giants in the NL West. The Dodgers haven't reached the World Series since winning the title in 1988.
In addition to their players with agreements, the Dodgers have two players eligible for salary arbitration: catcher A.J. Ellis and right-hander Ronald Belisaro.
New York's 2013 payroll is at $176 million for 13 players, including a $12 million deal for third baseman Kevin Youkilis that hasn't been finalized. Four Yankees are eligible for arbitration: pitchers Phil Hughes, David Robertson, Joba Chamberlain and Boone Logan.
The deals for Greinke and Ryu contain numerous complicated provisions and perks.
Greinke gets a $12 million signing bonus, of which $7 million is payable by Dec. 31 and $5 million on Feb. 1, 2014. He gets a $17 million salary next year, $24 million in 2014, $23 million in 2015, $24 million in 2016, $23 million in 2017 and $24 million in 2018.
He can opt out of the final three years of the contract within three days of the final game of the 2015 World Series.
While Greinke doesn't have a no-trade provision, if he's dealt during the season he can decide within three days of the end of the World Series whether to terminate the contract. And if he's traded during the offseason, he gets an extra $3 million and has the right to end the deal immediately.
In addition, for the 2018 season only, he gets $1 million for winning the Cy Young Award and $500,000 for finishing second through fifth. Greinke also has the right to purchase four premium tickets for all home games.
Ryu gets a $5 million signing bonus, half due on April 1 and the rest on April 1, 2014. His salaries are $2.5 million next year, $3.5 million in 2014, $4 million in 2015 and $7 million in each of the following three seasons. He can earn an additional $1 million annually in performance bonuses, $250,000 each for 170, 180, 190 and 200 innings.
If he has 750 innings pitched from 2013-17, he can opt out of the final season. If he wins the Cy Young Award, his salaries for remaining seasons would increase by $1 million. They would go up by $750,000 if he finishes second, $500,000 if he finishes third and $250,000 if he finishes fourth or fifth.
He has the same opt-out rights as Greinke, but without the $3 million payment, and he can't be sent to the minor leagues without his consent.
Ryu gets a $30,000 moving allowance, eight annual first-class round-trip tickets from Los Angeles to South Korea, an employee assigned to Korean media needs, and interpreter, a personal trainer/massage therapist, English lessons and payment for immigration fees.
The contract gives him the right to wear No. 99 and allows him access to purchase premium tickets. He gets a suite on the road but pays the difference between the cost of a suite and a regular room.