Richard Palacios

Tampa Bay Rays, Outfielders
Age: 28y-10m-9d (May 16, 1997)
Exp: 2.156 Years
Country: US
College: Towson (MD)
Drafted: Round 3 (#103 overall), 2018
Agent(s): Ballengee Group
2026 Payroll Salary

$945,000

2026 Cash

$945,000

Career Earnings

$2,520,081

2026-2026 Arbitration (CURRENT)

Richard Palacios signed a 1 year, $945,000 contract with the Tampa Bay Rays, including $945,000 guaranteed, and an average annual salary of $945,000. In 2026, Palacios will earn a base salary of $945,000, while carrying a total salary of $945,000.
Contract Terms:
1 yr(s) / $945,000
Average Salary:
$945,000
Signing Bonus:
N/A
Free Agent:
2030 / UFA
YOS @ Signing:
2.156
Year Age YOS Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2026 29 2.156
Arb Avoided
 $945,000 $945,000 0.39% $945,000 $945,000
2027 30 --
ARB 2
2028 31 --
ARB 3
2029 32 --
ARB 4
2030 33 -
UFA
Year Age Service Status Base Salary Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2026 29 2.156
Arb Avoided
 $945,000 - - $945,000 $945,000
2027 30 --
ARB 2
2028 31 --
ARB 3
2029 32 --
ARB 4
2030 33 --
UFA
Year Age Status Base Salary Cash Total Cash Cumulative Cash Remaining AYC Cumulative AYC Remaining
2026 29
Arb Avoided
 $945,000 $945,000 $945,000 $945,000 $945,000 $945,000
Source: MLB contract specifics generally collected from verified reports.

2025-2025 Pre-Arbitration

Contract Terms:
1 yr(s) / $775,700
Average Salary:
$775,700
Signing Bonus:
N/A
YOS @ Signing:
1.156
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2024-2024 Pre-Arbitration

Contract Terms:
1 yr(s) / $745,200
Average Salary:
$745,200
Signing Bonus:
N/A
YOS @ Signing:
0.156
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2023-2023 Pre-Arbitration

Contract Terms:
1 yr(s) / $720,000
Average Salary:
$720,000
Signing Bonus:
N/A
YOS @ Signing:
0.11
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2022-2022 Pre-Arbitration

Contract Terms:
1 yr(s) / $700,000
Average Salary:
$700,000
Signing Bonus:
N/A
YOS @ Signing:
0
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2018-2018 Signing Bonus

Contract Terms:
1 yr(s) / $475,000
Average Salary:
$475,000
Signing Bonus:
N/A
YOS @ Signing:
0
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Seasons

2.156 Years

Career Earnings thru 2026

$2,520,081

Earnings w/ Different Teams

3 teams

Earnings Per Year

Year Age Team(s) Service Status Cash Total Cash Cumulative Awards
2018 21
-
Signing Bonus
$475,000
$475,000
2022 25
0
Reserve / minor-buried
$349,986
$824,986
2023 26
0.11
Active
$174,195
$999,181
2024 27
0.156
Active
$745,200
$1,744,381
2025 28
1.156
Active
$775,700
$2,520,081
Total      
$2,520,081
$2,520,081
2026 29
2.156
Active / Arb Avoided
$945,000
Total
$3,465,081

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
2 $349,986 $475,000 - $824,986
1 $174,195 - - $174,195
2 $1,520,900 - - $1,520,900
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
2025
28
$775,700
$775,700
$2,520,081
Total
$2,045,081
$475,000
$2,520,081
$2,520,081
2026
29
$945,000
$945,000
Total
$2,990,081
$475,000
$3,465,081

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
2 $349,986 $475,000 - $824,986
1 $174,195 - - $174,195
2 $1,520,900 - - $1,520,900

Injuries

Year Dates Reason
2025 TB Apr 18, 2025 - Sep 01, 2025 Knee
2025 TB Mar 27, 2025 - Apr 17, 2025 Finger
2024 TB Aug 01, 2024 - Sep 23, 2024 Knee
  • Jan 08, 2026 Signed a 1 year $945k contract with Tampa Bay (TB), avoiding arbitration
  • 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
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