Baseball Contracts And Salaries

There has been much debate surrounding the often incredibly large price tags of baseball contracts and salaries. Even the most inexperienced and least talented major league baseball players may be paid millions of dollars a year, while the top baseball stars earn an income comparable to top movie stars. In addition to large yearly salaries, baseball contracts also generally come with a signing bonus, which is an upfront payment made to a player simply for signing a contract. Signing bonuses for top players are regularly well over a million dollars. Other bonuses for performance are also not included in baseball players multi million dollar yearly salaries. Critics of major league baseball's wasteful financial practices have argued for restrictions or limits on baseball contracts and salaries. While the National Basketball Association has a salary cap that limits how much teams may pay to compensate their players, Major League Baseball has no such cap, therefore salaries continue to rise.

Fast Facts

  • Roger Clemens of the Houston Astros signed a contract worth $21,521,000 with a $621,000 signing bonus to match his number 21 jersey.
  • In 2002, the average salary for an MLB player was $2,346,444.

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