A couple of quick things about the table below.
1.) All the payrolls are prorated for the amount of games that each team has played so far this season. So, no, the Dodgers did not find a way to shrink their payroll down to $113MM without any news media outlet finding out. I will note however, that if I had left the salaries at the full season amount, some teams would already show up with a positive difference between the value earned and money spent. But I will touch on that later because I have to be fair to the Yankees
2.) The goal is to find the value earned based on Fangraphs' version of Wins Above Replacement. Emphasis on "Above." Sam Miller of Baseball Prospectus explained to me that this exercise shouldn't penalize teams for players that are playing at replacement level and that since the league minimum salary is already priced into the concept of WAR, it should be removed, and that teams should be compared by what they spend above and beyond that. So the league minimum salary of $490,000 (side note: I should have kept playing baseball) has been removed for each player on a teams roster. And that has been prorated to adjust for games played by each team, or (490,000 * 25) * .52. Simple, right? In this case, that amount is $6,492,500.
3.) There is no "3." But everyone always has a third bullet point, and I wanted one too. So there it is.
So, in case you were wondering (and even if you weren't, because I was anyway) about how much value your team, or some other team may have generated during the season so far relative to whatever portion of $3.19 Billion being spent by Major League Baseball on player payrolls (Wow!), there's the table. At least, if nothing else, I finally learned how to use Microsoft Excel. Now, if you'll excuse me, I'm going to go take a shower. I'm sure I have plenty of soap.