What Is the Average Salary for a Baseball Player?
It is no secret that when American athletes reach the professional level, they stand to be paid a great deal of money for their skills. Major League Baseball teams in particular sign their players to extremely large contracts.
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Minimum Salary
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According to the MLB collective bargaining agreement in place during the 2010 season, the minimum salary a Major League Baseball player can earn is $400,000 per year. This is exactly the same amount of money that the president of the United States will make in 2010.
Largest Contract
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As of 2010, the MLB Players Association has no maximum contract amount. Before the 2008 season, Alex Rodriguez signed a 10-year, $275 million contract with the New York Yankees. This is the largest contract in all American sports.
Average MLB Salary
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According to the CBS Sports website, the average MLB salary for 2010 is $3,297,828. This is almost six times the average salary for an MLB player during the 1990 season.
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