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Kirby Puckett and Rickey Henderson signed the first contracts which paid an average of $3 million a year in November 1989. In 1990, Jose Canseco signed for 5 years and $23.5 million, making him the first player to earn an average of $4 million a year. It wasn't until 2010 when the MLB average salary rose above that same mark. [7] [8]
Black Enterprise reported in 2003 that "the average career span for professional basketball, football, and baseball is a mere 4.5 years, 3.2 years, and under five years, respectively." [12] A 2007 study found that, excluding pitchers, rookie Major League Baseball players' careers last for 5.6 years on average. [13]
The average annual salary for players in the four major leagues is about US$2.9 million in 2008, although player salaries can range from $500,000 for backup players to as much as $40 million (up to around $60 mil in the NFL and the NBA by 2021, not counting endorsements and sponsorship deals) for superstars.
This also skews the list towards sports with salary caps where salaries are therefore public knowledge and easy to cite. The contract figures referenced below are presented at face value and do not reflect potential pre or post-tax treatments. For example, contracts with European sports teams are typically quoted on a post-tax basis.
By 2005, the average salary had increased to $2,632,655 ($4,238,534 inflation-adjusted) and the minimum salary was $316,000 (adjusted: $508,755). [42] In 2012 the average MLB salary was $3,440,000, the median salary was $1,075,000, and the minimum salary had grown to four times the inflation-adjusted average salary in 1970 ($480,000). [43]
On November 10, the Giants made him a qualifying offer (a one-year contract at the average salary of Major League Baseball's 125 highest-paid players) of $19.65 million, which he accepted to return to the team for another season. [175] [176] [177]
Below are the full rosters, including the coaching staffs, of all 30 Major League Baseball teams. All teams are allowed up to 40 players on their roster, which doesn't include players on the 60-day injured list.
The Mets agreed to keep his salary at $165,000 a year for 1972 and 1973, promising to pay Mays $50,000 a year for 10 years after he retired. [ 170 ] [ 171 ] Mays had remained popular in New York, and owner Joan Payson had long wanted to bring him back to his major league roots. [ 172 ]