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Nolan Ryan (pictured) became the first player to earn an average salary above $1 million in 1979. 17 years later Albert Belle became the first player to average above $10 million a year. This list documents the progression of the highest average annual value contracts/contract extensions. [36]
Forbes' list of world's highest-paid athletes; Highest-paid NBA players by season; List of highest paid Major League Baseball players; List of largest sports contracts; List of player salaries in the NHL
This is a list of the largest sports contracts. These figures include signing bonuses but exclude options, buyouts , and the endorsement deals. This list does not reflect the highest annual salaries or career earnings, only the top 100 largest contracts and thus is largely limited to athletes in team sports and auto racing .
The 1994 Major League Baseball season began on April 3, but ended prematurely on August 11, 1994, with the 1994–95 Major League Baseball strike. The season started despite the expiration of MLB's previous collective bargaining agreement at the end of 1993. It was the first season played under the current three-division format in each league.
The World Series is the annual championship series of Major League Baseball (MLB) and concludes the MLB postseason. First played in 1903, [1] the World Series championship is a best-of-seven playoff and is a contest between the champions of baseball's National League (NL) and American League (AL). [2]
No World Series was played in 1904, so the pennant winners for each league are indicated. Due to the 1994–95 Major League Baseball strike, there were no pennant or World Series winners in 1994, so this year is left blank. Prior to 1876, only teams from the National Association (NA) that established the NL are shown.
This resulted in a compromise in the Collective Bargaining Agreement of 1996, which imposed Major League Baseball's first luxury tax. The first agreement stated that the top five salary teams in each year would pay a 34% fine on each dollar a team spent beyond halfway between the salaries of the fifth and sixth teams.
The 1958 Major League Baseball season began to turn Major League Baseball into a nationwide league. Walter O'Malley , owner of the Brooklyn Dodgers and "perhaps the most influential owner of baseball's early expansion era," [ 69 ] moved his team to Los Angeles, marking the first major league franchise on the West Coast. [ 70 ]