Money cannot buy happiness, but it does buy regret for a lot of Major League Baseball teams. Per Spotrac , there are 166 currently rostered players making at least $10 million* in 2024, and that list doesn't even include guys like José Abreu who were making big bucks before getting designated for assignment. (Don't worry.
We made sure to include them here.) To put it lightly, those 166+ players aren't all worth what they're getting. In fact, a bunch of them are getting eight-figure salaries while producing at a below-replacement level, per Baseball Reference.
We'll discuss two overpaid players at each position as well as five starting pitchers and five relief pitchers. This 28-player All-Overpaid Team is making a combined total of $628 million in 2024, which is more than 10 times what the Oakland A's are paying their players. By the way, that doesn't even include the 10 players who we'll mention in the "fully sunk cost division" intermission who are making at least $10M and have yet to play in 2024.
Factor them in and you're up north of $810M. Might want to have some anti-nausea medicine nearby for this one. *We're using payroll salary figures as opposed to luxury tax or cash.
Not that Shohei Ohtani is anywhere near the list, but that means we'd be talking about his $70M payroll salary, as opposed to the $2M he's getting in cash in 2024 or the $46.1M figure being used for luxury tax purposes. Worst ROI : James McCann, Baltimore Orioles $12.
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