The average salary for Major League Baseball players hit a record high of $4.66 million for the 2024 season.

According to the MLB Players Association, the average player salary for 2024 was $4,655,366, marking a 2.9 percent increase from the average of $4,525,719 in 2023.

Amid the COVID-19 pandemic, MLB eventually shortened the 2020 season to 60 games, correspondingly prorating salaries at about 37 percent. In 2021, the average salary fell further on a full-year basis to $3,679,335. However, the figure rebounded in 2022, with the average rising to $4,222,193. It continued on an upward trajectory with a 7 percent increase in 2023.

The league’s minimum salary also saw significant growth during this period. It rose from $575,000 in 2021 to $700,000 in 2022, followed by increases to $720,000 in 2023 and $740,000 in 2024.


don@heraldcorp.com