Introduction to the Highest Paid Baseball Player in the Majors
Baseball is one of the most popular sports in the United States and the Major League Baseball (MLB) is the pinnacle of the sport. Millions of fans watch the games every season and millions of dollars are spent to keep the sport alive and thriving. As a result, the players of MLB have become some of the most well-paid athletes in the world. In this article, we will take a look at who is the highest paid baseball player in the majors and how much money they make.
Who is the Highest Paid Baseball Player in the Majors?
The highest paid baseball player in the majors is Mike Trout of the Los Angeles Angels. Trout signed a 12-year, $426.5 million contract extension with the Angels in March 2019, making him the highest paid baseball player in the majors and one of the highest paid athletes in the world.
How Much Money Does Mike Trout Make?
Under the terms of his 12-year contract extension, Mike Trout will make an average annual salary of $35.5 million. This makes him the highest paid baseball player in the majors and one of the highest paid athletes in the world. In addition to his salary, Trout also receives a signing bonus of $20 million and has the option to opt-out of the contract after the 2022 season.
What Are the Other Highest Paid Baseball Players in the Majors?
There are several other baseball players in the majors who are making big money. Here is a list of the top five highest paid baseball players in the majors (all salaries are based on the 2019 season):
- Gerrit Cole of the Houston Astros: $36 million
- Zack Greinke of the Arizona Diamondbacks: $34.5 million
- Stephen Strasburg of the Washington Nationals: $32 million
- David Price of the Boston Red Sox: $31 million
- Max Scherzer of the Washington Nationals: $30 million
How Much Money Do Other Professional Baseball Players Make?
While the highest paid baseball players in the majors make millions of dollars, they are actually in the minority. Most professional baseball players make far less than the players at the top.
The average salary for a major league baseball player is $4.36 million. This number is heavily skewed by the top earners in the league, with the median salary being closer to $1.5 million. Minor league players make significantly less, with the average salary being around $10,000 per year.
What Factors Determine a Baseball Player’s Salary?
There are several factors that go into determining a baseball player’s salary. These include a player’s performance, their reputation, the team they play for, the size of the market they play in, and the amount of money the team is willing to spend.
Performance is obviously the most important factor, as teams want to sign players who can help them win games. A player’s reputation and marketability are also important, as teams want to sign players who will bring in fans and generate revenue.
How Does a Baseball Player’s Salary Compare to Other Professional Athletes?
Baseball players make significantly more money than athletes in other major sports. According to Forbes, the average salary for a Major League Baseball player in 2019 was $4.36 million, while the average salary for an NBA player was $7.7 million and the average salary for an NFL player was $2.7 million.
How Much Money Do Former Baseball Players Make?
Former baseball players often make money through endorsements, public speaking engagements, and other business ventures. According to Forbes, the highest-paid retired baseball players in 2019 were Derek Jeter ($30 million), Alex Rodriguez ($29 million), and Mariano Rivera ($22 million).
Conclusion
Mike Trout is the highest paid baseball player in the majors, with an annual salary of $35.5 million. He is one of the highest paid athletes in the world, and he is part of a small group of baseball players who make millions of dollars every year. Other professional baseball players make significantly less money, but they can still make a good living. Former baseball players also make money through endorsements and other business ventures.
Baseball is one of the most popular sports in the United States, and it is also one of the most profitable. Players in the majors make millions of dollars every year, and former players can also make a good living. This is why the sport of baseball continues to be so popular and profitable.