MLB
Richard Palacios
Richard Palacios
Tampa Bay Rays, Designated Hitter
Age: 27y-7m-5d (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-Arbitration (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 | Cash Remaining | 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-Arbitration
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-Arbitration
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-Arbitration
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 |
|---|
