Tag Archives: Compensation in sports

MLB average salary rose 7% to record $4.5M last year but several teams cutting payroll in 2024

NEW YORK (AP) — Major League Baseball’s average salary rose 7.1% last year to a record $4,525,719, according to the annual report the players’ association issued Thursday, but several teams appear to be cutting payroll for 2024. After declining in 2021 following the pandemic-shortened season, the average rose 23% over two seasons. The 2022 average marked a 14.8% increase from …

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