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Per Greg Johns inbox edition from 11/1/12, the Mariners budget for last year was $91 Million. Further, Johns writes that the Mariners plan to increase payroll this year.
Lastly, lest we forget, that EVERY team was basically given $20 Million this year due to the new TV deal, so if the Mariners ONLY spend $100 Million... the Mariners will have broken even with last year's final budget of roughly $83 Million - a figure also supplied by Johns in the article.