Baseball is doing better than ever financially, with Maury Brown of Forbes recently reporting that MLB's gross revenue for 2013 will eclipse $8 billion for the first time in league history. With big national TV deals kicking in this year, Forbes predicts the revenue could be as high as $9 billion by 2014.
As such, teams are spending at a record rate. Jeff Passan of Yahoo! Sports detailed the series of big contracts signed this winter, speculating that the league-wide tab for free agents will easily shatter the record of $1.75 billion spent during the 2006 offseason.
But that's not to say there weren't some relatively low-cost signings that can pay big dividends in 2014. Here's a look at the top five free-agent deals in term of contract value so far this offseason.