The Indians face three contract options after the season:
- Since he's still on the disabled list, there's no chance Kerry Wood gets the 55 games finished needed to make his $11MM 2011 option vest. It'll stay a club option, and the Indians (or any other team) will very likely decline.
- Third baseman Jhonny Peralta, also a trade candidate, faces a $7MM club option with a $250K buyout. This will be declined barring a surprising season.
- Russell Branyan has a $5MM mutual option, and I'm not expecting both sides to exercise.
The Indians are paying Wood, Peralta, and Branyan $17.1MM this year. They'll free up another $14.1MM with other departing free agents, led by Jake Westbrook's $11MM.
Players under contract will receive a total of $4.6MM in raises, led by Grady Sizemore with a $1.9MM bump. The Indians also have multiple first-time arbitration players, led by Shin-Soo Choo and Asdrubal Cabrera. Rafael Perez will go for a second time. With over $30MM coming off the books, the Indians could lower payroll even further and still cover their raises easily. Aside from Travis Hafner's contract, the Indians are looking lean for 2011.
Thanks to Cot's Baseball Contracts for the info.