First look at the 2017 payroll. Included players under contract (UC), players eligible for salary arbitration (AE), players with contract options likely to be exercised (CO - club option or PO - player option), and KEY players who can have their contracts automatically renewed by the club (0-3). Used mlbtraderumors.com's salary estimates for "AE" players. Used an average of $850,000 for "0-3" players. Assumed that Dexter Fowler's mutual option will not be exercised.
$147,600,000 without Fowler and Chapman or suitable veteran replacements.
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