Thursday, January 05, 2006

And how many of YOU get a 3.5% raise annually?

I thought so. Anyway, hope those major leaguers can manage on their $327,000 minimum.

Baseball minimum salary jumps to $327,000
January 3, 2006

NEW YORK (AP) -- The minimum salary for players in the major leagues is rising $9,000 this year to $327,000.

The 3.5 percent increase is due to a cost-of-living escalator in baseball's labor contract. The minimum was $300,000 in 2003 and 2004, then rose to $316,000 last year.

The minimum minor league salary for players on 40-man rosters for at least the second year or with at least one day of major league service will increase from $52,600 to $54,500, the commissioner's office said Tuesday.

Baseball's collective bargaining agreement called for the minimum to rise at the same rate as the percentage increase in the Consumer Price Index-Urban Wage Earners and Clerical Workers from November 2004 through November 2005.

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