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An updated estimate of the Cubs’ 2022 payroll and luxury tax

Thursday, baseball went from the proverbial zero to 60 in about three seconds after MLB owners and the MLB Players Association came to a tentative agreement on a new collective bargaining agreement.

I’ll have more to say about some of the changes coming to the game later today, but first, I thought you’d all like to be brought up to speed on the Cubs’ payroll as it stands right now and how much is left over for any possible moves the team could make before Opening Day, which is now just 27 days away.

One thing that’s changed for the team is the minimum salary, which will start in the new agreement at $700,000.