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An updated look at the 2024 Cubs payroll and luxury tax

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Here’s how the team stands at the beginning of the season.

Photo by Mary Turner/Getty Images

Let me stipulate something right now, before we get into the “Cubs should have signed Jordan Montgomery!” argument again.

It’s clear that ownership has, at least for the time being, established a payroll level for the Cubs that will not go over the first level of luxury tax, which this year is $237 million. Now, you can agree or disagree with that position — and I’d like to see the Cubs spend a bit more, sure — but the fact is, this is where the team stands.