MLB’s average salary tops $5 million for first time, AP study shows

NEW YORK (news agencies) — Major League Baseball’s average salary broke the $5 million barrier on opening day for the first time, according to a study by media.

The New York Mets, with Juan Soto’s record $61.9 million pay, led MLB for the third straight opening day with a $322.6 million payroll, just ahead of the World Series champion Los Angeles Dodgers at $319.5 million. Those two teams each spent roughly five times as much as the Miami Marlins, who at $64.9 million ended the Athletics’ three-year streak as the lowest spender.

Still, the Mets were down from their record high of $355.4 million in 2023.

The average rose 3.6% to $5,160,245. That was up from a 1.5% increase last year but down from an 11.1% increase in 2023.

Adding Blake Snell, Michael Conforto, Tanner Scott and Kirby Yates, the Dodgers boosted payroll by a big league-high $69 million from opening day last year. Baltimore hiked spending by $66 million, followed by Arizona ($55 million), San Diego ($47 million), Philadelphia ($41 million) and Detroit ($39 million).

Los Angeles’ payroll figure was held down by deferred payments. Shohei Ohtani’s $70 million salary was discounted to a present-day value of $28.2 million because it won’t be paid in full until 2035, causing him to be listed as the 18th-highest-paid player. Other Dodgers with deferred payments include Mookie Betts, Tommy Edman, Freddie Freeman, Teoscar Hernández, Scott, Will Smith and Snell.

Following their record 121-loss season, the Chicago White Sox cut payroll by $60.8 million, San Francisco by $39.1 million, Miami by $31.7 million and St. Louis by $31.6 million. The American League champion Yankees dropped by $18.5 million.

Just five teams were under $100 million, with the Marlins joined by the A’s ($74.9 million), Tampa Bay ($79.2 million), the White Sox ($80.9 million) and Pittsburgh ($87.9 million).

Soto broke the previous high of $43.3 million shared by pitchers Max Scherzer and Justin Verlander under deals they agreed to with the Mets.

Phillies pitcher Zack Wheeler is second at $42 million, followed by Texas pitcher Jacob deGrom and Yankees outfielder Aaron Judge at $40 million each.

Of 953 players in the major leagues on opening day, 526 had salaries of $1 million or more, 55%, and down from 532 last year and 546 in 2023.

There were 15 players at $30 million or more, a drop of two; 66 at $20 million, up from 66; and 177 at $10 million, an increase from 166.

A total of 35 players made the $760,000 minimum.

The top 50 players make 29% of the salaries, the same as in the prior two years, and the top 100 earn 48%, up from 47%.

Baseball’s median salary, the point at which an equal number of players are above and below, dropped to $1.35 million from $1.5 million and well below the record high of $1.65 million at the start of 2015.