Richard Palacios

Tampa Bay Rays, Designated Hitter
Age: 27-189d (May 16, 1997)
Exp: 1.156 Years
Country: US
College: Towson (MD)
Drafted: Round 3 (#103 overall), 2018
Agent(s): Ballengee Group
2025 Payroll Salary

$800,000

2025 Cash

$800,000

Career Earnings

$1,744,381

2025-2025 Pre-Arb (CURRENT)

Richard Palacios signed a 1 year , $800,000 contract with the Tampa Bay Rays, including $800,000 guaranteed, and an average annual salary of $800,000. In 2025, Palacios will earn a base salary of $800,000, while carrying a total salary of $800,000.
Contract Terms:
1 yr(s) / $800,000
Average Salary:
$800,000
Signing Bonus:
N/A
Year Age Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2025 28
Estimate
$800,000 $800,000 0.33% $800,000 $800,000
2026 29
ARB 1 (S2)
Year Age Service Status Base Salary Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2025 28 1.156
Estimate
$800,000 - - $800,000 $800,000
2026 29 --
ARB 1 (S2)
Year Age Status Base Salary Cash Total Cash Cumulative AYC Cumulative AYC Remaining
2025 28
Estimate
$800,000 $800,000 $800,000 $800,000 $800,000
Source: MLB contract specifics generally collected from verified reports.

2024-2024 Pre-Arb

Richard Palacios signed a 1 year , $745,200 contract with the Tampa Bay Rays, including $745,200 guaranteed, and an average annual salary of $745,200.
Contract Terms:
1 yr(s) / $745,200
Average Salary:
$745,200
Signing Bonus:
N/A
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2023-2023 Pre-Arb

Richard Palacios signed a 1 year , $720,000 contract with the Cleveland Guardians, including $720,000 guaranteed, and an average annual salary of $720,000.
Contract Terms:
1 yr(s) / $720,000
Average Salary:
$720,000
Signing Bonus:
N/A
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2022-2022 Pre-Arb

Richard Palacios signed a 1 year , $700,000 contract with the Cleveland Guardians, including $700,000 guaranteed, and an average annual salary of $700,000.
Contract Terms:
1 yr(s) / $700,000
Average Salary:
$700,000
Signing Bonus:
N/A
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2018-2018 Signing Bonus

Richard Palacios signed a 1 year , $475,000 contract with the Cleveland Indians, including $475,000 guaranteed, and an average annual salary of $475,000.
Contract Terms:
1 yr(s) / $475,000
Average Salary:
$475,000
Signing Bonus:
N/A
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Seasons

1.156 Years

Career Earnings thru 2025

$1,744,381

Earnings w/ Different Teams

3 teams

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2018 21
Signing Bonus
$475,000
$475,000
2022 25
Reserve / minor-buried
$349,986
$824,986
2023 26
Active
$174,195
$999,181
2024 27
Active
$745,200
$1,744,381
Total      
$1,744,381
$1,744,381
2025 28
Active / estimate-pre-arbitration
$800,000
Total
$2,544,381

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
2 $349,986 $475,000 - $824,986
1 $174,195 - - $174,195
1 $745,200 - - $745,200
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2018
21
$475,000
$475,000
$475,000
2022
25
$349,986
$349,986
$824,986
2023
26
$174,195
$174,195
$999,181
2024
27
$745,200
$745,200
$1,744,381
Total
$1,269,381
$475,000
$1,744,381
$1,744,381
2025
28
$800,000
$800,000
Total
$2,069,381
$475,000
$2,544,381

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
2 $349,986 $475,000 - $824,986
1 $174,195 - - $174,195
1 $745,200 - - $745,200

Injuries

Year Dates Reason
2024 TB Aug 01, 2024 - Sep 23, 2024 Knee
  • Mar 01, 2024 Signed a 1 year $745,200 contract with Tampa Bay (TB)
  • Jan 05, 2024 Traded to Tampa Bay (TB) from St. Louis (STL) for Andrew Kittredge
  • Aug 17, 2023 Recalled from the Minors by St. Louis (STL)
  • Jun 16, 2023 Traded to St. Louis (STL) from Cleveland (CLE) for $100,000
  • Jun 11, 2023 Designated for Assignment by Cleveland (CLE)
  • Sep 21, 2022 Demoted to the Minors by Cleveland (CLE)
  • Aug 23, 2022 Promoted from the Minors by Cleveland (CLE)
  • Jul 08, 2022 Demoted to the Minors by Cleveland (CLE)
  • May 26, 2022 Promoted from the Minors by Cleveland (CLE)
  • May 20, 2022 Demoted to the Minors by Cleveland (CLE)
  • May 14, 2022 Promoted from the Minors by Cleveland (CLE)
  • May 08, 2022 Optioned to the Minors by Cleveland (CLE)
  • Apr 25, 2022 Promoted from the Minors by Cleveland (CLE)
  • Mar 24, 2022 Optioned to the Minors by Cleveland (CLE)
  • Nov 19, 2021 Contract purchased by Cleveland (CLE)
  • Jun 13, 2018 Signed a contract with Cleveland (CLE)
  • Jun 06, 2018 Drafted by Cleveland (CLE): Round 3 (#103 overall)
Year Team GP GS PA AB R H 2B 3B HR RBI TB BB K SB AVG OBP SLG OPS H R ER BB K HR W L SV IP ERA WHIP WAR
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