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Salaries Newsbeat

Saturday, February 15, 2020

MLB Announces Minor-League Player Minimum Salaries Will Be Raised in 2021

Major League Baseball is increasing the minimum salary for players in the minor leagues starting with the 2021 season. 

Per Jake Seiner and Ben Walker of the Associated Press, minor leaguers will receive a salary increase between 38 and 72 percent depending on the level.

Rookie and short-season salaries will increase from $290 to $400 per week; players in A ball will receive an increased weekly salary from $290 to $500. In Double-A, players will earn $600 per week, up from $350, and Triple-A players will go from earning $502 per week to $700.

Minor league pay has been the subject of intense criticism for years, particularly since 2018 when MLB lobbied Congress to exempt players in the minors from receiving salaries commensurate with federal minimum wage.

So, how do we assess this sudden turn of events?

 

QLE Posted: February 15, 2020 at 12:30 AM | 1 comment(s)
  Beats: dollah dollah bills, y'all, minor leagues, salaries

Monday, December 23, 2019

Barcelona on top in survey of Global sports salaries

Jumping to the section relevant for baseball:

Four of the five biggest falls were recorded by Major League Baseball teams, including the Toronto Blue Jays, who are down 123 places to No. 172. The New York Yankees were the top-ranked team in the inaugural survey in 2012.

The full report will appear at the link below sometime tomorrow (if sources I’ve seen elsewhere are accurate)- the whole thing may make an interesting read:

http://www.globalsportssalaries.com/

QLE Posted: December 23, 2019 at 01:46 AM | 2 comment(s)
  Beats: salaries

Saturday, December 21, 2019

Average MLB salary drops for 2nd straight year

NEW YORK (AP) — The average salary in the major leagues has dropped in consecutive years for the first time since the players’ association started keeping records more than a half-century ago.

The 988 players on Aug. 31 rosters and injured lists averaged $4,051,490, the union said Friday, down 1.1% from $4,095,686 last year. The average peaked at $4,097,122 in 2017.

This was just the fifth decline since records started in 1967, when the average was $19,000. There also were drops in 1987, when clubs were found guilty of collusion; in 1995, after the end of a 7 1/2-month strike; and in 2004.

This year’s drop followed two slow free-agent markets and new contracts with large signing bonuses for Mike Trout, Alex Bregman, Manny Machado and A.J. Pollock. Those four players received $62 million in signing bonuses during 2019 that are prorated over the length of each contract in the calculation of the average. If the entire amounts had been counted for 2019. the average would have been about $54,000 higher — more than the $44,196 drop.

We’ve discussed quite a bit about individual contracts here- here’s a sense of what they add up to in the aggregate.

 

QLE Posted: December 21, 2019 at 01:08 AM | 15 comment(s)
  Beats: salaries

Saturday, October 12, 2019

Baseball’s top salaries are declining, as evidenced by smaller qualifying offer

Last offseason was marred by a lack of spending and perceived interest in several of the sport’s biggest stars.

Even beyond the fact that teams weren’t pursuing once-in-a-generation stars Bryce Harper and Manny Machado, the league’s biggest spenders like the Los Angeles Dodgers and New York Yankees were actively trying to get under the competitive balance tax rather than improve their team to win a title.

Now the fruits of the ownerships’ labor to suppress salaries is truly showing, as The Athletic’s Jayson Stark reported on Friday that the qualifying offer will drop — from $17.9 million to $17.8 million — for the first time in its eight years of existence.

Exhibit #591-B in the ongoing trend.

 

QLE Posted: October 12, 2019 at 12:00 AM | 15 comment(s)
  Beats: dollah dollah bills, y'all, qualifying offers, salaries

Tuesday, October 08, 2019

Giants minor leaguer posts paycheck to highlight how little MiLB players make per year

San Francisco Giants reliever Tyler Cyr is fighting to make it to the majors. After being selected in the 10th round of the 2015 Major League Baseball draft, Cyr worked his way up to Triple-A in 2019.

While Cyr has moved closer to his dream every season, those minor-league promotions haven’t come with big pay increases. To show just how little minor-league baseball players make per season, Cyr posted a picture of his paycheck on Twitter on Monday.

...

Cyr felt compelled to post that picture after seeing a tweet about Minnesota Twins reliever Randy Dobnak. The 24-year-old Dobnak caught national attention after pitching against the New York Yankees in the American League Division Series. During spring training — before he had reached the majors — Dobnak drove an Uber to make ends.

The 26-year-old Cyr said he wasn’t sure whether Dobnak’s story should be viewed as “cool or embarrassing.” Cyr tagged both @MLB and @MiLB in his tweet to get the point across. That inspired him to post a thread about minor-league pay.

We’ve discussed the finances of the game at the major-league level quite a bit lately- here’s something involving it at AA and AAA.

 

QLE Posted: October 08, 2019 at 12:28 AM | 35 comment(s)
  Beats: dollah dollah bills, y'all, minor leaguers, salaries

 

 

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