We are nearly a month into the MLB offseason, and while a number of players have already found their way onto new rosters for 2014, there is still a ton to be done between now and the start of spring training.
For small-market teams, it's all about making the most of their limited funds, while big-market teams have the luxury-tax threshold to worry about should they decide to go on a spending spree.
What follows is a closer look at each team's current payroll situation and how much flexibility they have to work with for the remainder of the offseason.
Included is a look at where each team's payroll stood on Opening Day the past five years, courtesy of Cot's Baseball Contracts, the amount of money they have committed to players under contract, courtesy of Spotrac.com, and a projected figure for what they will spend on arbitration-eligible players, courtesy of MLB Trade Rumors.
From there, I've done my best to pinpoint the max number each team is likely to allow their payroll to climb to by Opening Day of the 2014 season, based on remaining needs and previous payroll history.