Dec 23, 2014 4:41 PM
MLB average salary exceeds $3.8 million
The Associated Press
NEW YORK (AP) Major League Baseball's average salary shot up to more than $3.8 million this year following the steepest rise in more than a decade, putting big leaguers on track to top the $4 million barrier for the first time in 2015.
The Major League Baseball Players Association said Tuesday the average salary was $3,818,923, up from $3,386,212 last year. The 12.78 percent hike was the biggest since a 12.83 percent rise from 2000 to 2001.
Player salaries are spurting after several years of more modest gains. The increase is fueled by record revenue in the $9 billion range, much of it from national television contracts and club deals with regional sports networks.
The average topped $1 million for the first time in 1992, crossed the $2 million barrier in 2001 and the $3 million mark in 2010.
MLB's wages are a stark contrast to the economy at large. The average U.S. wage rose 1.3 percent in 2013 to $43,041, according to the Social Security Administration.
Figures are based on 910 players. The union has based its annual studies on rosters and disabled lists as of Aug. 31 the last day before active rosters expand from 25 per team to 40.
The commissioner's office, which uses slightly different methods, put its average at $3,726,243, an increase of 12 percent from last year's $3,326,645. MLB revised its figure Tuesday from an initial average of $3,692,123 it calculated last week.
The union did not release its annual averages for teams and positions.