Total free agent spending to date is a whopping $1.769 billion on 96 players. The average free agent got a deal of $18.43 million, with average annual salary of $9.78 million.
The other surprise in the team rankings was that the Cubs and White Sox each signed 6 free agents, for a total of $191 million and $134 million. That puts the Cubs #3 and White Sox #4 on the list of big spenders.
It is also interesting to note that former "big spenders" like the Angels (last place with only one free agent for $500k which is major league minimum salary), Phillies (spending only $7 million on 3 players) and the Dodgers (spending $61 million on 4 players) have cooled off dramatically from prior years. The Angels have been choking on several dead money deals, the Phillies are imploding by old veteran contracts and the Dodgers still can't digest their past deals. So past spending is not a clear path to future results.
