List of highest paid Major League Baseball players
The highest paid player in Major League Baseball (MLB) for the 2011 season is New York Yankees' third baseman Alex Rodriguez with an annual salary of $32,000,000, nearly $6 million higher than the second-highest paid player, Vernon Wells. Unlike other American professional sports leagues, MLB does not have a hard salary cap, instead employing a luxury tax which applies to teams whose total payroll exceeds certain set thresholds for a given season.[1][2] Free agency did not exist in MLB prior to the end of the reserve clause in the 1970s, resulting in significantly lower salaries before that time. For example Babe Ruth, widely regarded as one of the greatest baseball players ever, earned an estimated $910,696 ($14,575,568 inflation-adjusted from 1935 dollars) over his entire playing career.[3] When asked in 1929 whether he thought he should earn more than the president, Herbert Hoover, Ruth famously remarked, "Why not, I had a better year than he did."[4][5]
Rodriguez has signed two record-breaking contracts over the course of his career. First, he signed a $252 million, 10-year contract with the Texas Rangers in December 2000 ($321,375,727 inflation-adjusted from 2000 dollars).[6] Sandy Alderson called the deal "stupefying," while Sports Illustrated noted that Rodriguez's early salaries under the contract ($21 million) would be greater than the annual payroll of the entire Minnesota Twins team that year ($15.8 million).[6] The deal was the largest sports contract in history, doubling the total value of Kevin Garnett's $126 million National Basketball Association contract (the previous record holder) and more than doubling Mike Hampton's $121 million contract, the previous MLB record which had been signed just days before.[6] The Rangers later traded Rodriguez to the Yankees in exchange for Alfonso Soriano before the 2004 season, though they agreed to pay $67 million of the $179 million outstanding on the contract.[7] Despite this, he opted out of the remainder of his deal after the 2007 season and renegotiated a new $275 million, 10-year agreement with the Yankees, breaking his own record for the largest sports contract.[8] Under this deal, Rodriguez also receives $6 million each if and when he ties the career home run totals of Willie Mays (660), Babe Ruth (714), Hank Aaron (755), and Barry Bonds (762), along with another $6 million for breaking Bonds' mark.[8]
First base was the highest paid position in 2010; regular starters at that position earned an average salary of $9,504,165 in compared to an overall average of $3,014,572.[9] Pitcher Nolan Ryan was the first player to earn an annual salary above $1 million, signing a $4.5 million, 4-year contract with the Houston Astros in 1979.[10] Kirby Puckett and Rickey Henderson signed the first contracts which paid an average of $3 million a year in November 1989, while 2010 was the first season where the MLB average salary rose above that same mark.[9][11] Four of the twenty highest paid players in 2011 were members of the Yankees. Their team payroll for 2011 was $202,689,028, roughly $30 million above the second-largest Philadelphia Phillies.[12] The Yankees have drawn criticism for their spending habits, with some claiming it undermines the parity of MLB.[13][14]
Highest paid players for 2011
- This table refers to the salary for 2011 alone, not the overall average value of the contract. Salaries listed are according to the USA Today salary database.[15]
Career earnings
- Earnings up to date as of the end of the 2011 season.[E]
Salary progression
- This list documents the progression of the highest average annual value contracts/contract extensions.[53][P]
- E "Earnings" as discussed here refers to salaries paid to players under MLB contracts and does not include advertising or other sources of income. All values are listed in nominal dollars.
- P "Average annual value" is calculated as the total value of a contract (less bonuses) divided by the number of years. A $20 million/2 year contract would have an average annual value of $10 million, even if the player actually received $9 million one season and $11 million in the other. This also does not include contracts for less than a season prorated in value for a full season such as Roger Clemens' 2006 and 2007 contracts.[97][98][99][100][44] All values are listed in nominal dollars.
- a Dave Winfield initially negotiated a 10-year deal in 1980 worth a projected $25 million ($2.5 million per year).[56] However, Yankees' owner George Steinbrenner reportedly had not fully understood a cost of living adjustment provision in it and the 10-year contract was renegotiated a few months later. The final precise value is unclear, although it fell between $20 and $25 million in total value ($2–$2.5 million a year).[55][101][102][103]
- b Hershiser and Frank Viola both won the 1988 Cy Young Award and Viola signed a identically-sized $7.9 million, 3-year contract two months after Hershiser.[104]
- c Rickey Henderson signed a $12 million, 4-year contract with the Oakland Athletics on November 28, 1989, 6 days after Puckett signed his $9 million, 3-year contract.[66][105]
- d Roger Clemens signed a contract extension during the 2000 season covering 2001 and 2002 along with a player option for 2003. Clemens was paid $10.3 million each year for 2001 and 2002, with the same $10.3 million available if he elected to play in 2003 under his option. However, Clemens also received $10.3 million if he rejected the option. As a result he could effectively collect the full $30.9 million of contract value for only two years of play ($15.45 million annually).[95] However, the Yankees valued this deal as a $10.3 million annually, three-year deal.[53] He became a free agent after the 2002 season and ultimately resigned with the Yankees for a new, one-year contract in which they bought out the previous option.[44][106]
References
- Bibliography
- Footnotes
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- ^ Bloom, Barry (March 10, 2009). "Fehr does not foresee a salary cap". MLB.com. Major League Baseball. http://mlb.mlb.com/news/article.jsp?ymd=20090310&content_id=3961482&vkey=news_mlb&fext=.jsp&c_id=mlb. Retrieved March 5, 2011.
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- ^ Hampton, Wilborn (2009). Babe Ruth: A twentieth-century life. New York: Viking. p. 162. ISBN 978-0-670-06305-5. http://books.google.com/books?id=07_LAN8om5EC&pg=PA162&lpg=PA162#v=onepage&q&f=false. Retrieved March 5, 2011.
- ^ Stewart, Wayne (2006). Babe Ruth: A biography. Westport, CT: Greenwood Press. p. 93. ISBN 0-313-33596-6. http://books.google.com/books?id=AVXykh_yjP8C&pg=PA93#v=onepage&q&f=false. Retrieved March 5, 2011.
- ^ a b c d "$252,000,000: A-Rod, Rangers agree to richest deal in sports history". CNNSI.com. Associated Press (Sports Illustrated). December 14, 2000. http://sportsillustrated.cnn.com/baseball/mlb/news/2000/12/11/rangers_arod_ap/. Retrieved March 5, 2011.
- ^ "Selig gives blessing to mega-merger". ESPN.com. ESPN Internet Ventures. February 17, 2004. http://sports.espn.go.com/mlb/news/story?id=1735937. Retrieved March 5, 2011.
- ^ a b c "Rodriguez finalizes $275M deal with Yankees". ESPN.com. ESPN Internet Ventures. December 13, 2007. http://sports.espn.go.com/mlb/news/story?id=3153171. Retrieved March 5, 2011.
- ^ a b "MLB's average salary eclipses $3M for first time". ESPN.com. Associated Press (ESPN Internet Ventures). December 13, 2010. http://sports.espn.go.com/mlb/news/story?id=5915468. Retrieved March 5, 2011.
- ^ a b Belth, Alex (December 2, 2005). "From Catfish to A-Rod: Landmark moments from baseball's free-agent era". SI.com (Sports Illustrated). http://sportsillustrated.cnn.com/2005/baseball/mlb/12/02/landmark.freeagency/. Retrieved March 5, 2011.
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- ^ Nightengale, Bob (April 11, 2010). "Parity? Yankees, Red Sox loom large for smaller market teams". USA Today. http://www.usatoday.com/sports/baseball/2010-04-08-baseball-parity_N.htm. Retrieved March 6, 2011.
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- ^ a b "Carlos Beltran Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/b/beltrca01.shtml. Retrieved March 5, 2011.
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- ^ a b c "Barry Bonds Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/b/bondsba01.shtml. Retrieved March 5, 2011.
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- ^ "Chipper Jones Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/j/jonesch06.shtml. Retrieved March 5, 2011.
- ^ a b "Greg Maddux Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/m/maddugr01.shtml. Retrieved March 5, 2011.
- ^ a b "Ken Griffey, Jr. Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/g/griffke02.shtml. Retrieved March 5, 2011.
- ^ a b c d e "Roger Clemens Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/c/clemero02.shtml. Retrieved March 5, 2011.
- ^ a b "Carlos Delgado Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/d/delgaca01.shtml. Retrieved March 5, 2011.
- ^ a b "Pedro Martinez Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/m/martipe02.shtml. Retrieved March 5, 2011.
- ^ "Mike Mussina Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/m/mussimi01.shtml. Retrieved March 5, 2011.
- ^ "Mariano Rivera Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/r/riverma01.shtml. Retrieved March 5, 2011.
- ^ "Jim Thome Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/t/thomeji01.shtml. Retrieved March 5, 2011.
- ^ "John Smoltz Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/s/smoltjo01.shtml. Retrieved March 5, 2011.
- ^ "Magglio Ordonez Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/o/ordonma01.shtml. Retrieved December 2, 2011.
- ^ "Jason Giambi Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/g/giambja01.shtml. Retrieved March 5, 2011.
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- ^ "Nolan Ryan Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/r/ryanno01.shtml. Retrieved March 5, 2011.
- ^ a b "Dave Winfield Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/w/winfida01.shtml. Retrieved March 5, 2011.
- ^ a b Chass, Murray (December 16, 1980). "Yanks Sign Winfield for up to $25 million; $1.5 million for first year Winfield becomes Yankee". The New York Times. http://select.nytimes.com/gst/abstract.html?res=F30714FB3E5512728DDDAF0994DA415B8084F1D3. Retrieved March 22, 2011.
- ^ "Eddie Murray Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/m/murraed02.shtml. Retrieved March 5, 2011.
- ^ Boswell, Thomas (September 6, 1985). "Eddie Murray's new contract surpasses all others". Anchorage Daily News (The Washington Post). http://news.google.com/newspapers?id=emoeAAAAIBAJ&sjid=PckEAAAAIBAJ&pg=1179,3532026&dq=eddie-murray&hl=en1. Retrieved March 22, 2011.
- ^ "Orel Hershiser Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/h/hershor01.shtml. Retrieved March 5, 2011.
- ^ Chass, Murray (February 17, 1989). "Another record for Hershiser: $7.9 million Dodger contract". The New York Times. http://www.nytimes.com/1989/02/17/sports/another-record-for-hershiser-7.9-million-dodger-contract.html. Retrieved March 22, 2011.
- ^ "Bret Saberhagen Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/s/saberbr01.shtml. Retrieved March 5, 2011.
- ^ "Saberhagen highest paid in baseball". Philadelphia Inquirer. November 18, 1989.
- ^ "Kirby Puckett Statistics and History". Baseball-Reference. Sports Reference LLC. http://www.baseball-reference.com/players/p/puckeki01.shtml. Retrieved March 5, 2011.
- ^ Chass, Murray (November 23, 1989). "Puckett hits the Jackpot: First $3 million man". The New York Times. http://www.nytimes.com/1989/11/23/sports/puckett-hits-the-jackpot-first-3-million-man.html. Retrieved March 22, 2011.
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