The 2013 non-waiver trade deadline is fast approaching, and MLB contenders are deciding how much money is available to be spent from their respective war chests.
One important consideration for contenders will be the luxury-tax threshold, which will be upped to $189 million for the start of the 2014 season.
First-time offenders or any team that didn't go over the previous year will have to pay a 17.5 percent tax penalty on every dollar above the $189 million threshold. The scale continues to slide upwards to 50 percent for four-time and multiple continuous offenders.
The New York Yankees, for example, will have to pay the 50 percent tax if they can't get their payroll under the threshold by the start of next season.
Still, there will be plenty of teams who are willing to add extra salary if it means a possible shot at an elusive World Series title.
Based on the tax threshold, let's open up the books and see what will be available for contenders to spend as we approach July 31.
Salary info courtesy of baseball-reference.com
Team payroll information courtesy of baseballprospectus.com