NEW YORK — The rate of increase for Major League Baseball’s average salary slowed to 2.9 per cent last year to a record $4.66 million, according to the annual report of the players’ association.
The average of $4,655,366 was up from $4,525,719 in 2023, which marked a 7 per cent increase from 2022.
After declining to $3.68 million in 2021, a year following the pandemic-shortened season, the average rose 23 per cent over the next two seasons.
Union figures are based on the 2024 salaries, earned bonuses and prorated shares of signing bonuses for 1,033 players on Aug. 31 active rosters and injured lists, before active rosters expanded for the remainder of the season.
The union's report was finalized as salary arbitration hearings started this week.
COMMENTS
When submitting content, please abide by our submission guidelines, and avoid posting profanity, personal attacks or harassment. Should you violate our submissions guidelines, we reserve the right to remove your comments and block your account. Sportsnet reserves the right to close a story’s comment section at any time.