Highest salaries in Major League Baseball 2020
American professional sports leagues are known for paying their players handsomely and Major League Baseball is no different. The highest earner in the MLB in 2020 was the center field for the Los Angeles Angels, Mike Trout. The 28-year-old eight-time All-Star took home an annual salary of 37.67 million U.S. dollars in the 2020 season.
MLB salaries
The MLB has both a minimum player salary and a competitive balance tax (also called Luxury Tax) in place to ensure the league remains competitive and that no single team can buy its way to victory. In 2019, the minimum player salary stood at 555 thousand U.S. dollars, a generous increase from the minimum salary of 400 thousand U.S. dollars ten years earlier. However, because of the astronomical earnings of some of the star players in the league, the average player salary across the MLB was 4.36 million U.S. dollars in 2019. If a team’s payroll exceeds a certain figure, they are forced to pay a luxury tax in order to discourage the largest teams from buying the best players in the league. In 2019, this payroll cap was 206 million U.S. dollars and it will be increased slightly in the coming years.
MLB revenue on the up
In 2018, teams of Major League Baseball generated around 330 million U.S. dollars on average in revenue per team. The New York Yankees sit top of the pile as the franchise generated revenue of 668 million U.S. dollars. On the other end of the scale, the Oakland Athletics had revenue of 218 million U.S. dollars in 2019.
MLB salaries
The MLB has both a minimum player salary and a competitive balance tax (also called Luxury Tax) in place to ensure the league remains competitive and that no single team can buy its way to victory. In 2019, the minimum player salary stood at 555 thousand U.S. dollars, a generous increase from the minimum salary of 400 thousand U.S. dollars ten years earlier. However, because of the astronomical earnings of some of the star players in the league, the average player salary across the MLB was 4.36 million U.S. dollars in 2019. If a team’s payroll exceeds a certain figure, they are forced to pay a luxury tax in order to discourage the largest teams from buying the best players in the league. In 2019, this payroll cap was 206 million U.S. dollars and it will be increased slightly in the coming years.
MLB revenue on the up
In 2018, teams of Major League Baseball generated around 330 million U.S. dollars on average in revenue per team. The New York Yankees sit top of the pile as the franchise generated revenue of 668 million U.S. dollars. On the other end of the scale, the Oakland Athletics had revenue of 218 million U.S. dollars in 2019.
