Major leage baseball players take a pay cut? I never thought I’d see the day. Of course, if you read carefully, you’ll find this “pay cut” chopped the average salary by 2.7% from $2.56 million to $2.49 million. This definitely belongs on the front page, don’t you think?
Just to show you how skewed this article is, it actually left me feeling sorry for the Milwaukee Brewers. Their team makes a grand total of $27.5 million. Compare that with the Yankees at $183 million. Even the hometown Angels here in Orange County are over $100 million. Of course, with the cost of living being what it is around here, they probably need every penny of that to own a home in Southern California.
I saw that article too…it made me really appreciate the fact that the Florida Marlins beat the powerhouse Yankees last year.
Say what you will about the Yankess, but the main reason they’re successful is the team possesses front office savvy that the other big market teams don’t. For example, the crosstown Mets are something like 7th on that list, yet they have fallen on hard times the last few years. Then again, they somehow think paying over $15 million for a pretty worthless player like Mo Vaughn is a good idea. The Yankees don’t go after overinflated superstars in their decline like Vaughn very often, and if they do wind up on their team, they’re not wearing the pinstripes very long.
Even more relevant, and sadly left out of the SI piece, is that the median salary is at $800,000, down from a high of $975,000 in 2001. The median will give you a much better idea of what an average ballplayer earns than the, well, average.
A more complete AP story is here: http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20040407/ap_on_sp_ba_ne/bbo_salaries