MLB Average Salary Hits Record $5.34M as Mets Lead Spending
According to an Associated Press study, Major League Baseball's average salary reached a record high of $5.34 million on opening day, marking a 3.4% increase from the previous season. The New York Mets topped league spending for the fourth consecutive year with a payroll of $352.2 million, led by Juan Soto, who remains the highest-paid player at $61.9 million. The Los Angeles Dodgers ranked second at $316.6 million, while the Cleveland Guardians had the lowest payroll at $62.3 million. Significant financial shifts occurred across the league: Detroit increased its payroll by over $64 million following major signings, whereas Minnesota and St. Louis saw substantial cuts. The median salary also rose to $1.4 million. These figures reflect the impact of the current five-year collective bargaining agreement, which has driven average salaries up by 28% since its inception.
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MLB Average Salary Hits Record $5.34M as Mets Lead Spending
According to an Associated Press study, Major League Baseball's average salary reached a record high of $5.34 million on opening day, marking a 3.4% increase from the previous season. The New York Mets topped league spending for the fourth consecutive year with a payroll of $352.2 million, led by Juan Soto, who remains the highest-paid player at $61.9 million. The Los Angeles Dodgers ranked second at $316.6 million, while the Cleveland Guardians had the lowest payroll at $62.3 million. Significant financial shifts occurred across the league: Detroit increased its payroll by over $64 million following major signings, whereas Minnesota and St. Louis saw substantial cuts. The median salary also rose to $1.4 million. These figures reflect the impact of the current five-year collective bargaining agreement, which has driven average salaries up by 28% since its inception.
AP News