Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo

News

All News | Prime News

Old-School Newsstand


Contributors

Jim Furtado
Founder & Publisher

Syndicate

Salaries Newsbeat

Friday, June 05, 2020

FiveThirtyEight: How Much Money Do MLB Players Really Make?

While not all owners are billionaires, some certainly are. But just as the balance sheets of MLB teams are kept away from the public, it’s impossible to know the financial situations of most club owners. Player salaries, on the other hand, are publicly available. So while we know that many major leaguers are indeed millionaires, a sizable share of players fall short of that status, according to data requested by FiveThirtyEight from the MLB Players Association and corroborated in part by figures from Spotrac. Of the 1,453 players to accrue at least one day of service time last season, 590 (40.6 percent) have made less than $1 million in career earnings, according to the MLBPA’s breakdown. The median career earnings of that group was $357,718….

Moreover, players’ opportunities to earn are shrinking. Their careers are ending earlier but not starting any sooner. The average career service time for an active player was 4.79 years in 2005, according to the MLBPA. It has since gradually declined, reaching 3.71 years last year. That means that in less than two decades, career length has declined by more than a full season.

RoyalsRetro (AG#1F) Posted: June 05, 2020 at 09:10 AM | 3 comment(s)
  Beats: salaries

Tuesday, April 21, 2020

Source: Marlins CEO Derek Jeter forgoing $5M salary

MIAMI—Marlins CEO Derek Jeter told team employees during a conference call Monday that he is indefinitely forgoing his salary during the coronavirus pandemic, a source told ESPN confirming multiple reports.

Jeter, who has a reported salary of $5 million annually, told members of baseball ops on the call that they will be paid through at least May 31, the source said.

According to reports, other members of the Marlins’ executive team agreed to take pay cuts.

Major League Baseball spring training was suspended March 12 because of the pandemic. The start of the season, scheduled for March 26, has been indefinitely delayed.

 

QLE Posted: April 21, 2020 at 12:32 AM | 1 comment(s)
  Beats: derek jeter, salaries

Wednesday, April 01, 2020

Major League Baseball to Pay MiLB Players Through May Amid COVID-19 Hiatus

Major League Baseball teams will continue to pay their minor league players through at least May 31 amid the suspension of play because of the coronavirus pandemic.

According to ESPN’s Jeff Passan, all minor league players will receive $400 per week and medical benefits as part of the plan. Per Passan, Baseball America’s J.J. Cooper noted that the pay represents a raise for lower minor league players, while veterans will make less than they otherwise would have.

Minor League Baseball officially suspended its seasons March 12 following Major League Baseball’s decision to do the same.

Two weeks ago, Major League Baseball announced its intention to pay minor league players through April 8, but with no immediate end in sight to the suspension of the season, the decision was made to extend the timeline.

 

QLE Posted: April 01, 2020 at 12:35 AM | 0 comment(s)
  Beats: minor leaguers, salaries

Friday, March 27, 2020

MLB, players agree to $170M deal on early season pay, cut down draft

Major League Baseball and the players association have reached a tentative agreement regarding several issues surrounding a potentially shortened or canceled season, sources confirm to Yahoo Sports’ Tim Brown.

ESPN’s Jeff Passan first reported the deal Thursday night.

MLB owners have agreed to advance players portions of salaries to be spread out over April and May. If there is no season, that money will be kept by the players. Each of the 30 teams will contribute just short of $95,000 per day to eligible players for 60 days or until start of 2020 season, not to exceed $170 million. The Athletic’s Ken Rosenthal adds that salaries will be pro-rated based on length of season, and players have agreed not to sue for full salaries.

As previously reported, the players would accrue a full year of service time if they are active for the shortened season. If the season is canceled, players would gain the same amount of service time they accrued in 2019, which is important because it means players like Mookie Betts or Trevor Bauer would become free agents as scheduled.

 

QLE Posted: March 27, 2020 at 12:49 AM | 31 comment(s)
  Beats: draft, free agency, labor issues, negotiations, salaries, service time, shortened season

Saturday, March 21, 2020

Minor league advocacy group demands $15,000 salaries

A collection of former and current players have formed an advocacy group asking that Major League Baseball roughly double salaries in the minors to $15,000 per season.

Advocates for Minor Leaguers is led by Garrett Broshuis, a former pitcher and the lawyer who has represented players in lawsuits alleging minor league salaries violate minimum wage laws. The group said it “will strive to provide a collective voice for minor leaguers.”

The announcement was made amid a particularly tense week for minor league players, most of whom make $5,000-$10,000 per season. Many have been shut out of their spring training camps due to the coronavirus pandemic, despite their reliance on those complexes for food, training facilities and often housing.

“This past week really provided an example of why this group needed to be out there,” Broshuis said.

 

QLE Posted: March 21, 2020 at 01:08 AM | 0 comment(s)
  Beats: minor leaguers, salaries

Thursday, March 12, 2020

Pete Alonso gets record-setting raise from Mets after record-setting rookie season

Give that man a raise!

The Mets have agreed to terms on a record-high salary increase for second-year major-leaguer Pete Alonso on Wednesday, the Daily News confirmed. The 2019 National League Rookie of the Year is expected to make $652,521 in the 2020 season, according to multiple reports.

“We got a number — I was shocked and thrilled,” Alonso told reporters. “I’m just so happy we came to an agreement because I think the world of this organization. It truly is a blessing.”

The figure may seem like small potatoes compared to the slugger’s tremendous output his debut season — the “Polar Bear” mashed 53 home runs on his way to a new MLB rookie record — but the increase is also one that doesn’t often happen for players who haven’t yet hit arbitration and a record for a player coming off their rookie season.

Meanwhile, the Cardinals seem puzzled by this logic.

 

QLE Posted: March 12, 2020 at 12:45 AM | 2 comment(s)
  Beats: pete alonso, salaries

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

 

 

BBTF Partner

Dynasty League Baseball

Support BBTF

donate

Thanks to
Brian
for his generous support.

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogSources: MLB has preliminary talks about bubble-type format for playoffs
(16 - 10:35pm, Aug 13)
Last: Mayor Blomberg

NewsblogSource: Indians send Zach Plesac home for leaving hotel to go out in Chicago
(23 - 10:35pm, Aug 13)
Last: Moses Taylor, glorified meat shield

NewsblogPhillies to retire No. 15 in honor of Dick Allen
(15 - 10:33pm, Aug 13)
Last: BDC

NewsblogOT - NBA Bubble Thread
(149 - 10:30pm, Aug 13)
Last: Booey

NewsblogEmpty Stadium Sports Will Be Really Weird
(9076 - 9:38pm, Aug 13)
Last: Mayor Blomberg

NewsblogAstros' Zack Greinke tells batter what's coming, gets swinging strike anyway
(17 - 9:37pm, Aug 13)
Last: Fernigal McGunnigle

NewsblogSuburban housewives will post in OMNICHATTER!, for August 13, 2020
(33 - 9:22pm, Aug 13)
Last: Walks Clog Up the Bases

NewsblogWarm memories of Mickey Mantle, 25 years after Yankees great’s death
(5 - 9:10pm, Aug 13)
Last: Addie Joss

NewsblogCubs-Cardinals series opener postponed over another positive coronavirus test
(21 - 9:03pm, Aug 13)
Last: The Yankee Clapper

NewsblogDodgers' Joe Kelly sounds off on Astros players' handling of sign-stealing investigation
(6 - 8:59pm, Aug 13)
Last: Addie Joss

NewsblogNationals’ Stephen Strasburg ejected from stands in social distancing oddity
(4 - 8:38pm, Aug 13)
Last: Jose Needs an Absurd Ukulele Concert

NewsblogPrimer Dugout (and link of the day) 8-13-2020
(8 - 7:23pm, Aug 13)
Last: Gch

NewsblogEvaluating how Marlins did in Ozuna trade
(1 - 6:44pm, Aug 13)
Last: Walt Davis

NewsblogHitting .400 in 2020 might draw an asterisk, but Colorado Rockies' Charlie Blackmon could earn it
(2 - 6:15pm, Aug 13)
Last: Barry`s_Lazy_Boy

NewsblogOT Soccer Thread - Spring 2020
(681 - 5:09pm, Aug 13)
Last: AuntBea odeurs de parfum de distance sociale

Page rendered in 1.0931 seconds
76 querie(s) executed