No it isn't.
http://sports.espn.go.com/mlb/teams/salaries?team=chw
So far our payroll for this year is 68,262,500, but that figure doesn't include the money we are getting from the Expos, Seattle or the Yankees, and for some reason ESPN has included Jerry Hairston's and Donnie Sadler's salaries. Taking off Jose's, Maggs', Davis', Koch's, Everett's, Sadler's, Hairston's, Schoeneweis' and 2 million for Contreras, we have a payroll of 39,087,500. And you think we already spent 20 million for next year? :dips***