Biggest Baseball Contracts

Some of the biggest baseball contracts in Major League Baseball are for millions of dollars per year for multiple years. These contracts are given to the best of the best in the world of baseball, and the more popular and skilled a player is, the bigger his contract can get. Sports agents negotiate multi million dollar contracts for their clients, and teams pay huge sums of money to score the best players for their team. Critics argue that professional baseball overpays players, many of whom are among the highest paid people not just in their field, but in most other fields as well. A common argument is that baseball is a frivolous game, and players should not be paid like royalty to just hit a ball around. Also, excessive monetary contracts drive up the prices of game tickets, which angers many baseball fans. Baseball teams often lose money on players who are given huge contracts who do not subsequently live up to their promise. They may be stuck paying a player millions of dollars, while that player delivers nothing but losses to the team.

Fast Facts

  • As of 2009, NY Yankee Alex Rodriguez is the highest paid professional baseball player, making an annual salary of $27.5 million.
  • The minimum salary for a major league baseball player in 2008 was $390,000.

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