If you count all of last year's signing bonuses against the 2007 payroll, it was probably already in the $115 range. In that case, a 2008 payroll of $115 would be essentially no increase. From the standpoint of determining how much ownership is willing to spend, I think it's wise to count the money when it's paid and not when MLB "takes it up" for the purpose of determining luxury tax. Generally, when a signing bonus is going to be paid in installments, it is reported as such (like Jacque's). Otherwise, I think it's safe to assume that it's all paid up front.