What Is the Average Salary for a Baseball Player?

The average salary of an MLB player in 2010 exceeds $3 million.

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.

Minimum Salary

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

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

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.

References

• MLBPlayers.com: MLBPA Info---FAQ
• CBS Sports: MLB Salaries
• IPL2: Salaries and Retirement Benefits of U.S. Presidents and Other Federal Government Employees
• ESPN: Rodriguez Finalizes $275M Deal with Yankees