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Tampa Bay RaysPatrick Zalupski group · since 2026
Payroll data through2026
Value 2026$1.7BPayroll rank28 of 30Spending index54.3
Tampa Bay Rays Ownership
Owner: Patrick Zalupski group · since 2026 · AL East
Budget generosity10low payroll
Patience80very patient
Win-now or build50balanced
Last five seasons-0.4 a yearsteady
- Stuart Sternberg group: over 20 seasons (2006 to 2025) the club paid on average 0.57 times the league median payroll and ranked 27.2 on average. Best payroll rank 19th (2010); worst 30th (2007, 2011, 2018 and others).
- Last five seasons (2021 to 2025): 0.56 times the median, average rank 26.
- The club named 1.5 new managers per ten seasons (2006 to 2025); the league average over the same seasons was 3.7.
- After a losing season (win percentage under 0.480) the spending index moved +0.1 points on average, across 4 such seasons.
Scores run 0 to 100 and describe what the club did under this owner: budget generosity is payroll relative to the league median (50 is the median, 100 is double); patience is how rarely the club changes managers; win-now or build is whether payroll rose or fell after a losing season. They are our summary of public numbers, not a judgment of a person.
- Owner
- Patrick Zalupski group
- Principals
- Patrick Zalupski
- Owner since
- 2026
- Reported price
- $1.7 billion
- Forbes value (2026)
- $1.7B
- Revenue
- $290M
- Operating income
- $31M
- Payroll 2026
- $95.6M, rank 28 of 30
- Seasons over the tax line, 2003 to 2025
- 0
- Tax paid 2022 to 2025
- $0
| # | Owner or group | Seasons | Type | Reported price | Notes |
|---|---|---|---|---|---|
| 1 | Vince Naimoli group | 1998 to 2005 | group | Not public | Expansion franchise; the club began play in 1998. |
| 2 | Stuart Sternberg group | 2006 to 2025 | group | Not public | Bought a 48% share in May 2004 and took over operations in October 2005. |
| 3 | Patrick Zalupski group | 2026 to now | group | $1.7 billion | Deal reported July 14, 2025. |
| List year | Value | Revenue | Operating income |
|---|---|---|---|
| 2026 | $1.7B | $290M | $31M |
| 2025 | $1.25B | $297M | $32M |
| 2024 | Data pending | Data pending | Data pending |
| 2023 | $1.25B | $248M | $10M |
| 2022 | $1.1B | $252M | $45M |
| 2021 | $1.1B | Not listed | Not listed |
| 2020 | $1.1B | Not listed | Not listed |
| 2019 | $1B | Not listed | Not listed |
| 2018 | $900M | Not listed | Not listed |
| 2017 | $825M | Not listed | Not listed |
| 2016 | $650M | Not listed | Not listed |
| 2015 | $625M | Not listed | Not listed |
| 2014 | $485M | Not listed | Not listed |
| 2013 | $451M | Not listed | Not listed |
- 1Vince Naimoli group 1998 to 2005
- 2Stuart Sternberg group 2006 to 2025
- 3Patrick Zalupski group 2026 to now
| Season | Owner | Payroll | Rank | Index | Payroll share of revenue | Record | Playoffs | Over tax line |
|---|---|---|---|---|---|---|---|---|
| 2026 | 3 | $95.6M | 28 of 30 | 54.3 | 98-64 | Yes | ||
| 2025 | 2 | $89.6M | 26 of 30 | 55.6 | 30.9% | 77-85 | No | No |
| 2024 | 2 | $89.9M | 28 of 30 | 55.9 | 30.3% | 80-82 | No | No |
| 2023 | 2 | $79.4M | 27 of 30 | 49.8 | 99-63 | Yes | No | |
| 2022 | 2 | $98.3M | 23 of 30 | 65.5 | 39.6% | 86-76 | Yes | No |
| 2021 | 2 | $70.8M | 26 of 30 | 53.0 | 28.1% | 100-62 | Yes | No |
| 2020 | 2 | $28.3M | 28 of 30 | 44.3 | 40-20* | Yes | No | |
| 2019 | 2 | $64.2M | 30 of 30 | 45.7 | 96-66 | Yes | No | |
| 2018 | 2 | $68.9M | 30 of 30 | 48.8 | 90-72 | No | No | |
| 2017 | 2 | $77.8M | 27 of 30 | 54.9 | 80-82 | No | No | |
| 2016 | 2 | $63.9M | 29 of 30 | 47.5 | 68-94 | No | No | |
| 2015 | 2 | $73.2M | 29 of 30 | 62.0 | 80-82 | No | No | |
| 2014 | 2 | $83.3M | 27 of 30 | 75.4 | 77-85 | No | No | |
| 2013 | 2 | $67.6M | 27 of 30 | 67.5 | 92-71 | Yes | No | |
| 2012 | 2 | $68.1M | 26 of 30 | 69.5 | 90-72 | No | No | |
| 2011 | 2 | $45.4M | 30 of 30 | 47.9 | 91-71 | Yes | No | |
| 2010 | 2 | $72.7M | 19 of 30 | 88.5 | 96-66 | Yes | No | |
| 2009 | 2 | $63.3M | 25 of 30 | 78.1 | 84-78 | No | No | |
| 2008 | 2 | $43.8M | 29 of 30 | 54.8 | 97-65 | Yes | No | |
| 2007 | 2 | $24.1M | 30 of 30 | 28.5 | 66-96 | No | No | |
| 2006 | 2 | $34.9M | 29 of 30 | 48.5 | 61-101 | No | No | |
| 2005 | 1 | $29.7M | 30 of 30 | 44.8 | 67-95 | No | No | |
| 2004 | 1 | $29.6M | 29 of 30 | 47.4 | 70-91 | No | No | |
| 2003 | 1 | $19.6M | 30 of 30 | 28.5 | 63-99 | No | No | |
| 2002 | 1 | $34.4M | 30 of 30 | 56.3 | 55-106 | No | ||
| 2001 | 1 | $57.0M | 19 of 30 | 89.0 | 62-100 | No | ||
| 2000 | 1 | $62.8M | 10 of 30 | 111.0 | 69-92 | No | ||
| 1999 | 1 | $38.9M | 20 of 30 | 78.1 | 69-93 | No | ||
| 1998 | 1 | $27.3M | 25 of 30 | 64.2 | 63-99 | No |
Owner numbers match the ownership list. Payroll is nominal dollars. * 2020 was a 60-game season. Payroll share of revenue exists for 2021, 2022, 2024 and 2025 only. The tax-line column stops at 2025 because 2026 tax bills are not known until December. How the index is built.
No owner stories are published for this club yet.
More on this club: Tampa Bay Rays team page and payroll history.