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In 2019, Mike Trout signed a 12-year, $426 million contract with the Angels, the richest contract in the history of North American sports at the time. Alex Rodriguez earned the highest salary in MLB in 2013 at $28,000,000. He also has the highest career earnings in MLB history, as well as a record 13 years with the highest AAV.
The first agreement stated that the top five salary teams in each year would pay a 34% fine on each dollar a team spent beyond halfway between the salaries of the fifth and sixth teams. For example, if the fifth-highest salary team had a payroll of $100 million and the sixth-highest salary team had a payroll of $98 million, the top five teams ...
The official ground of the New York Yankees, the most valuable MLB team as of the 2023 MLB season. Forbes compiles the finances of all 30 MLB teams to produce an annual ranking of the best franchises in terms of valuation. The valuations are composed of the monetary worth of the sport, market, stadium deals, and brand. [1]
Major League Baseball had a tumultuous offseason, with the owners locking out the players in a contract stalemate. But on March 10 -- about three weeks after spring training was supposed to have...
The luxury tax threshold for the 2023 MLB season was set at $233 million, and the Mets' payroll is now expected to be roughly $384 million next season. This level of spending is unprecedented in ...
His 10-year, $700 million contract easily sets records for both total value and average annual value. Yet the contract is so heavily deferred – Ohtani receives $2 million per season and will be ...
Entering the season with the highest payroll in baseball, the 1992 Mets are considered one of the most disappointing teams in team history. [1] The 1992 Mets were covered in depth in the book “The Worst Team Money Could Buy” by Bob Klapisch and John Harper. On the last day the season, Mets players issued an apology letter to the fans, which ...
Pro athletes are rich -- but some are a whole lot richer than others. Obviously, the top-paid athlete on any given team is bringing home a whole lot more than the rookies. However, it might come...