If Masset, Volquez, Bailey, Arredondo, and Janish are retained, the cost should be around $8.3MM. Excluding buyouts for Francisco Cordero and Brandon Phillips, the Reds have $50.558MM in 2012 contractual commitments according to Cot's Baseball Contracts. The five arbitration eligibles would bring them to about $59MM before minimum salary players are considered, which is about $22MM below the 2011 Opening Day payroll of $81MM. GM Walt Jocketty expects to bump up payroll a little, but the majority of the surplus will probably go to Phillips and Cordero.