Baseball: Wages fell nearly $ 2.5 billion during pandemic

Baseball: Wages fell nearly $ 2.5 billion during pandemic

Major baseball payroll costs fell to $ 1.75 billion during the pandemic-shortened 2020 season, compared to $ 4.22 billion last season. The Los Angeles Dodgers, the world champion, spent $ 98.6 million on salary, the smallest sum in 20 years for the largest salary.

The base salary in the 40-player list has fallen to 1.54 billion dollars, according to information Major Baseball sent to teams on Friday, and which the Associated Press obtained a copy of. This figure was 3.99 billion in 2019.

While spending on signing and performance bonuses has remained the same, spending on repurchasing options for next season has more than doubled from $ 26.9 million last year to $ 58.2 million in 2020.

The Dodgers won their first World Series title since 1988 and had the largest Majors salary for the first time since 2017. Their spending of $ 98.6 million is the lowest for the team with the largest mass. Big salary since 2000, when the New York Yankees spent $ 95.3 million on salary.

The Yankees were second after the Dodgers in 2020 and spent $ 83.6 million. The New York Mets followed in third place with 83.4 million.

The American league champion Tampa Bay Rays spent only 29.4 million dollars. Only the Pittsburgh Pirates (24.1 million) and Baltimore Orioles (23.5 million) had lower salaries.

The base salary was paid pro rata for 60 games of the 162 regular games according to an agreement between Major Baseball and the players’ association. The start of the season, scheduled for March 26, has been postponed to July 23 due to the COVID-19 pandemic, and the schedule has had to be cut.

If full pay had been paid and the entire schedule had been contested with a normal average of minor recalls, payroll costs would probably have increased 4% from 2019.

With Ronald Blum, Associated Press

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart
Scroll to Top