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Player Salaries Newsbeat

Monday, April 27, 2015

Baseball Past and Present:  Womack:  MLB salaries stayed low longer than people may think

Marvin Miller became executive director of the Major League Baseball Players Association in 1966 because for 20 years prior, things got progressively worse for players.

Consider that in 1967, the minimum salary in the majors was $6,000. The first minimum salary in 1946 was $5,000, and, accounting for inflation, minimum-salaried MLB players got 29.8% less in 1967 than they did in 1946….

But it’s only been a recent development that minimum-salaried players get several multiples more than they would have in 1946. As late as 1979, adjusting for inflation, minimum-salaried players got just 12.7% more than they would have in 1946.

It took until the 1985 for the MLB minimum to be 100 percent higher than the 1946 minimum adjusted for inflation….

ERROR---Jolly Old St. Nick Posted: April 27, 2015 at 06:35 PM | 7 comment(s)
  Beats: history, player salaries

 

 

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