| Name | Pos | Salary | Through | Years Left | Notes | Years in Majors |
| D. Dreifort | MR | $11,000,000 | 2005 | 2 years left | | 9 years |
| R. Sexson | 1B | $8,000,000 | 2004 | 1 years left | Free agent after this season! | 8 years |
| S. Finley | CF | $6,750,000 | 2004 | 1 years left | Free agent after this season! | 16 years |
| R. Ortiz | SP | $5,700,000 | 2004 | 1 years left | Free agent after this season! | 7 years |
| R. Cedeno | CF | $5,000,000 | 2005 | 2 years left | | 10 years |
| W. Williams | SP | $4,750,000 | 2004 | 1 years left | Free agent after this season! | 12 years |
| J. Gonzalez | RF | $4,000,000 | 2005 | 2 years left | | 16 years |
| J. Encarnacion | RF | $3,650,000 | 2005 | 2 years left | | 7 years |
| M. Matheny | C | $2,750,000 | 2004 | 1 years left | Free agent after this season! | 11 years |
| M. Loretta | 2B | $2,500,000 | 2004 | 1 years left | Free agent after this season! | 10 years |
| F. Cordero | CL | $2,000,000 | 2004 | 1 years left | Free agent after this season! | 6 years |
| G. Colbrunn | 1B | $1,750,000 | 2004 | 1 years left | Free agent after this season! | 13 years |
| S. Kline | MR | $1,700,000 | 2004 | 1 years left | Free agent after this season! | 8 years |
| J. Tavarez | MR | $1,600,000 | 2005 | 2 years left | | 12 years |
| E. Young | 2B | $1,000,000 | 2004 | 1 years left | Free agent after this season! | 13 years |
| J. Suppan | SP | $1,000,000 | 2006 | 3 years left | | 10 years |
| S. Taguchi | LF | $1,000,000 | 2004 | 1 years left | Possible Arbitration, 134 more days of service needed this year. | 2 years |
| M. Lincoln | MR | $1,000,000 | 2004 | 1 years left | Arbitration (Estimate: $910,000), could become Free Agent with 164 more days of service this year. | 5 years |
| R. King | MR | $900,000 | 2004 | 1 years left | Free agent after this season! | 6 years |
| M. Anderson | 2B | $600,000 | 2004 | 1 years left | Free agent after this season! | 7 years |
| C. Carpenter | SP | $500,000 | 2004 | 1 years left | Free agent after this season! | 6 years |
| J. Simontacchi | SP | $350,000 | 2004 | 1 years left | Possible Arbitration, 137 more days of service needed this year. | 2 years |
| R. Ankiel | SP | $320,000 | 2004 | 1 years left | Arbitration (Estimate: $470,000) | 3 years |
| B. Lyon | SP | $309,500 | 2004 | 1 years left | Arbitration (Estimate: $1,800,000) | 4 years |
| B. Hart | 2B | $307,000 | 2004 | 1 years left | Automatic Resign. | 1 years |
| K. Calero | MR | $305,000 | 2004 | 1 years left | Possible Arbitration, 169 more days of service needed this year. | 2 years |
| D. Waechter | SP | $300,000 | 2004 | 1 years left | Automatic Resign. | 1 years |
| A. Cintron | SS | $300,000 | 2004 | 1 years left | Arbitration (Estimate: $1,700,000) | 4 years |
| J. Conti | RF | $300,000 | 2004 | 1 years left | Arbitration (Estimate: $2,090,000), could become Free Agent with 141 more days of service this year. | 5 years |
| J. Ryan | SP | $300,000 | 2004 | 1 years left | Automatic Resign. | 0 years |
| C. McKay | C | $300,000 | 2004 | 1 years left | Possible Arbitration, 133 more days of service needed this year. | 2 years |
| J. Mabry | 1B | $300,000 | 2004 | 1 years left | Free agent after this season! | 11 years |
| J. Journell | MR | Minor-League-Contract | - | - | | 1 years |
| C. Porter | CF | Minor-League-Contract | - | - | | 1 years |
| G. Garcia | SP | Minor-League-Contract | - | - | | 0 years |
| D. Haren | SP | Minor-League-Contract | - | - | | 1 years |
| J. Pearce | MR | Minor-League-Contract | - | - | | 2 years |
| M. Mahoney | C | Minor-League-Contract | - | - | | 1 years |
| G. Miller | SP | Minor-League-Contract | - | - | | 0 years |
| B. Dejaynes | MR | Minor-League-Contract | - | - | | 0 years |
| B. Hunter | RF | Minor-League-Contract | - | - | Minor League FA next year! | 10 years |
| S. Frisella | RF | Minor-League-Contract | - | - | | 0 years |
| J. Gall | 1B | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| R. Gorecki | LF | Minor-League-Contract | - | - | | 0 years |
| C. Narveson | SP | Minor-League-Contract | - | - | | 0 years |
| T. Hanson | 3B | Minor-League-Contract | - | - | | 0 years |
| R. Parrott | SP | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| C. Hayes | 2B | Minor-League-Contract | - | - | | 0 years |
| D. Haynes | LF | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| T. Johnson | MR | Minor-League-Contract | - | - | | 0 years |
| E. Rust | MR | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| M. Michael | SP | Minor-League-Contract | - | - | | 0 years |
| J. Nelson | SS | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| S. Pomeranz | SP | Minor-League-Contract | - | - | | 0 years |
| A. Reyes | SP | Minor-League-Contract | - | - | | 0 years |
| B. Ryan | SS | Minor-League-Contract | - | - | | 0 years |
| N. Stocks | SP | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| J. Teekel | MR | Minor-League-Contract | - | - | | 0 years |
| B. Thompson | MR | Minor-League-Contract | - | - | | 0 years |
| B. Hawksworth | SP | Minor-League-Contract | - | - | | 0 years |
| Y. Miyazaki | SP | Minor-League-Contract | - | - | | 0 years |
| R. Guerrero | 2B | Minor-League-Contract | - | - | | 0 years |
| A. Reyes | MR | Minor-League-Contract | - | - | Minor League FA next year! | 9 years |
| J. Axelson | MR | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| G. Vaughn | LF | Minor-League-Contract | - | - | Minor League FA next year! | 15 years |
| K. Witt | 1B | Minor-League-Contract | - | - | Minor League FA next year! | 4 years |
| A. Levrault | MR | Minor-League-Contract | - | - | | 3 years |
| C. Paronto | MR | Minor-League-Contract | - | - | Minor League FA next year! | 3 years |
| A. Mercer | MR | Minor-League-Contract | - | - | | 0 years |
| G. Stephenson | SP | Minor-League-Contract | - | - | | 7 years |
| D. Moylan | C | Minor-League-Contract | - | - | | 1 years |
| S. Seabol | 3B | Minor-League-Contract | - | - | | 1 years |
| D. Barton | C | Minor-League-Contract | - | - | | 0 years |
| R. Flores | SP | Minor-League-Contract | - | - | | 1 years |
| J. Deckard | CL | Minor-League-Contract | - | - | | 1 years |
| H. Luna | 2B | Minor-League-Contract | - | - | | 0 years |
| J. Kinney | MR | Minor-League-Contract | - | - | Minor League FA next year! | 0 years |
| D. Linton | MR | Minor-League-Contract | - | - | Minor League FA next year! | 7 years |
| S. Boyd | CF | Minor-League-Contract | - | - | | 0 years |
| J. Norris | 3B | Minor-League-Contract | - | - | | 0 years |
| D. Dove | SP | Minor-League-Contract | - | - | | 0 years |
| N. Bierbrodt | SP | Minor-League-Contract | - | - | | 2 years |
| J. Garza | SP | Minor-League-Contract | - | - | | 0 years |
| B. Johnson | SP | Minor-League-Contract | - | - | | 1 years |
| C. Haerther | 3B | Minor-League-Contract | - | - | | 0 years |
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