Saturday, April 11, 2009

MAJOR LEAGUE PAYROLLS DOWN 1.7 PERCENT FROM 2008

According to the Associated Press, Major League Baseball’s combined player payrolls are down 1.7 percent from a year ago. The drop is the first since 2004, and the second since the 1994 strike.

As usual, the New York Yankees are the most generous team with a payroll of $201 million in 2009, followed by the New York Mets at $136 million, Chicago Cubs at $135 million and Boston Red Sox at $123 million. The lowest-paying team is the Florida Marlins with a $37 million payroll. The San Diego Padres hold $43 million in contracts, while the Pittsburgh Pirates are paying out $49 million.

Despite the overall drop, the average player’s salary is $3.24 million, up 2.7 percent.

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