| Name | Pos | Salary | Through | Years Left | Notes | Years in Majors |
| B. Welch | SP | $15,000,000 | 1988 | 1 years left | Free agent after this season! | 10 years |
| D. Smith | MR | $12,000,000 | 1991 | 4 years left | | 9 years |
| R. Davis | MR | $9,250,000 | 1991 | 4 years left | | 11 years |
| P. Molitor | 2B | $8,200,000 | 1991 | 4 years left | | 10 years |
| J. Morris | SP | $8,000,000 | 1990 | 3 years left | | 11 years |
| R. Sutcliffe | SP | $5,000,000 | 1989 | 2 years left | | 11 years |
| B. Lacey | MR | $4,850,000 | 1990 | 3 years left | | 11 years |
| J. Franco | SS | $4,685,714 | 1988 | 1 years left | Free agent after this season! | 6 years |
| G. Bingham | SP | $3,350,000 | 1988 | 1 years left | Arbitration (Estimate: $1,580,000) | 4 years |
| R. Scurry | MR | $3,250,000 | 1989 | 2 years left | | 7 years |
| J. Valencia | SS | $2,685,714 | 1988 | 1 years left | Arbitration (Estimate: $2,820,000) | 4 years |
| V. Coleman | CF | $2,485,714 | 1988 | 1 years left | Arbitration (Estimate: $1,410,000) | 3 years |
| S. Bradley | C | $2,178,571 | 1988 | 1 years left | Arbitration (Estimate: $1,160,000) | 4 years |
| J. Pacella | MR | $1,842,857 | 1988 | 1 years left | Arbitration (Estimate: $300,000) | 4 years |
| B. Anderson | MR | $1,662,857 | 1988 | 1 years left | Arbitration (Estimate: $300,000), could become Free Agent with 59 more days of service this year. | 5 years |
| S. Bullock | CL | $920,000 | 1988 | 1 years left | Arbitration (Estimate: $1,100,000) | 3 years |
| G. Allenson | C | $350,000 | 1988 | 1 years left | Arbitration (Estimate: $300,000) | 4 years |
| H. Williams | MR | $350,000 | 1988 | 1 years left | Arbitration (Estimate: $300,000) | 4 years |
| R. Lisi | RF | $350,000 | 1988 | 1 years left | Arbitration (Estimate: $300,000) | 3 years |
| J. Alvarez | MR | $350,000 | 1988 | 1 years left | Arbitration (Estimate: $300,000) | 3 years |
| D. Motley | RF | $300,000 | 1988 | 1 years left | Arbitration (Estimate: $300,000) | 3 years |
| M. Payne | SP | $300,000 | 1988 | 1 years left | Automatic Resign. | 1 years |
| M. Greenwell | LF | $300,000 | 1988 | 1 years left | Possible Arbitration, 43 more days of service needed this year. | 2 years |
| N. Gibson | SP | $300,000 | 1988 | 1 years left | Possible Arbitration, 164 more days of service needed this year. | 2 years |
| J. Myres | LF | $300,000 | 1988 | 1 years left | Automatic Resign. | 0 years |
| J. Lind | 2B | $300,000 | 1988 | 1 years left | Automatic Resign. | 0 years |
| D. Daulton | C | $300,000 | 1988 | 1 years left | Possible Arbitration, 66 more days of service needed this year. | 2 years |
| E. Hearn | C | $300,000 | 1988 | 1 years left | Automatic Resign. | 0 years |
| K. Seitzer | 3B | $300,000 | 1988 | 1 years left | Possible Arbitration, 43 more days of service needed this year. | 2 years |
| D. Boston | RF | $300,000 | 1988 | 1 years left | Automatic Resign. | 1 years |
| D. Hill | SS | $300,000 | 1988 | 1 years left | Possible Arbitration, 93 more days of service needed this year. | 2 years |
| M. Aldrete | LF | $300,000 | 1988 | 1 years left | Possible Arbitration, 43 more days of service needed this year. | 2 years |
| J. Uribe | SS | $300,000 | 1988 | 1 years left | Automatic Resign. | 0 years |
| S. Bream | 1B | $300,000 | 1988 | 1 years left | Automatic Resign. | 1 years |
| H. Reynolds | 2B | $300,000 | 1988 | 1 years left | Arbitration (Estimate: $1,100,000) | 3 years |
| R. Kramer | MR | Minor-League-Contract | - | - | | 0 years |
| J. DeJesus | MR | Minor-League-Contract | - | - | | 0 years |
| B. Dorsett | C | Minor-League-Contract | - | - | | 0 years |
| J. Lazorko | MR | Minor-League-Contract | - | - | | 0 years |
| J. Marrs | 2B | Minor-League-Contract | - | - | | 0 years |
| S. Jordan | CF | Minor-League-Contract | - | - | | 0 years |
| T. Grant | RF | Minor-League-Contract | - | - | | 0 years |
| T. Ghelfi | SP | Minor-League-Contract | - | - | | 0 years |
| A. Purnell | MR | Minor-League-Contract | - | - | | 2 years |
| M. Howard | RF | Minor-League-Contract | - | - | | 0 years |
| R. Gardenhire | LF | Minor-League-Contract | - | - | | 1 years |
| A. Nevers | MR | Minor-League-Contract | - | - | | 0 years |
| L. Garcia | CF | Minor-League-Contract | - | - | | 0 years |
| E. Culbert | MR | Minor-League-Contract | - | - | | 0 years |
| S. Pizano | C | Minor-League-Contract | - | - | | 0 years |
| T. Jones | SS | Minor-League-Contract | - | - | | 0 years |
| B. Bean | CF | Minor-League-Contract | - | - | | 0 years |
| L. Jenkins | SS | Minor-League-Contract | - | - | | 0 years |
| M. Lima | SP | Minor-League-Contract | - | - | | 0 years |
| G. Tabor | 2B | Minor-League-Contract | - | - | | 0 years |
| D. Smith | MR | Minor-League-Contract | - | - | | 0 years |
| B. Gaff | SP | Minor-League-Contract | - | - | | 2 years |
| H. Chan | 1B | Minor-League-Contract | - | - | | 0 years |
| F. Fermin | 2B | Minor-League-Contract | - | - | | 0 years |
| J. Hammons | LF | Minor-League-Contract | - | - | | 0 years |
| B. Bathe | C | Minor-League-Contract | - | - | | 0 years |
| R. Wine | C | Minor-League-Contract | - | - | | 0 years |
| R. Marquart | SP | Minor-League-Contract | - | - | | 0 years |
| D. Little | MR | Minor-League-Contract | - | - | | 0 years |
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