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List of highest-paid Major League Baseball players

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Major League Baseball (MLB) does not have a hard salary cap, instead employing a luxury tax which applies to teams whose total payroll exceeds certain set thresholds for a given season.[1][2] Free agency did not exist in MLB prior to the end of the reserve clause in the 1970s, allowing owners before that time to wholly dictate the terms of player negotiations and resulting in significantly lower salaries.

In 2019, Mike Trout signed a 12-year, $426 million contract with the Angels, the richest contract in the history of North American sports at the time.
A man in a dark batting helmet, grey baseball uniform, and white gloves holds a baseball bat against the ground with his right hand.
Alex Rodriguez earned the highest salary in MLB in 2013 at $28,000,000. He also has the highest career earnings in MLB history, as well as a record 13 years with the highest AAV.

Babe Ruth, widely regarded as one of the greatest baseball players ever, earned an estimated $856,850 ($19,515,718 inflation-adjusted from 1934 dollars) over his entire playing career.[3] When asked whether he thought he deserved to earn $80,000 a year ($1,459,124 inflation-adjusted), while the president, Herbert Hoover, had a $75,000 salary, Ruth famously remarked, "What the hell has Hoover got to do with it? Besides, I had a better year than he did."[4][5]

Pitcher Nolan Ryan was the first player to earn an annual salary above $1 million, signing a $4.5 million, 4-year contract with the Houston Astros in 1979.[6] Kirby Puckett and Rickey Henderson signed the first contracts which paid an average of $3 million a year in November 1989. In 1990, Jose Canseco signed for 5 years and $23.5 million, making him the first player to earn an average of $4 million a year. It wasn't until 2010 when the MLB average salary rose above that same mark.[7][8]

Alex Rodriguez signed two record-breaking contracts over the course of his career. First, he signed a $252 million, 10-year contract with the Texas Rangers in December 2000 ($445,857,391 inflation-adjusted from 2000 dollars).[9] Sandy Alderson called the deal "stupefying", while Sports Illustrated noted that Rodriguez's early salaries under the contract ($21 million) would be greater than the annual payroll of the entire Minnesota Twins team that year ($15.8 million).[9] The deal was the largest sports contract in history, doubling the total value of Kevin Garnett's $126 million National Basketball Association contract (the previous record holder) and more than doubling Mike Hampton's $121 million contract, the previous MLB record which had been signed just days before.[9] The Rangers later traded Rodriguez to the Yankees in exchange for Alfonso Soriano before the 2004 season, though they agreed to pay $67 million of the $179 million outstanding on the contract.[10] Despite this, he opted out of the remainder of his deal after the 2007 season and renegotiated a new $275 million, 10-year agreement with the Yankees, breaking his own record for the largest sports contract.[11] Under this deal, Rodriguez also received $6 million when he tied the career home run total of Willie Mays (660), and would have received $6 million more had he tied Babe Ruth (714), Hank Aaron (755), and Barry Bonds (762), along with another $6 million for breaking Bonds' mark.[11]

Five of the twenty highest-paid players in 2013 were members of the Yankees. Their team payroll for 2013 was $228,835,490, roughly $12 million above the second-largest Los Angeles Dodgers.[12] The Yankees have drawn criticism for their payroll, with some claiming it undermines the parity of MLB.[13][14] From 2003 to 2020, the Yankees' payroll exceeded the luxury tax threshold every year except 2018.[15]

Key

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Key
† Member of the National Baseball Hall of Fame and Museum
1B First baseman
2B Second baseman
3B Third baseman
SS Shortstop
LF Left fielder
CF Center fielder
RF Right fielder
C Catcher
SP Starting pitcher
RP Relief pitcher
DH Designated hitter

Highest annual salaries in 2023

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This table refers to the salary for 2023 alone, not the overall average value or amount of the contract.

Rank Name Position Team(s) Salary Ref
1 Max Scherzer SP Texas Rangers $43,333,333 [16]
Justin Verlander Houston Astros [17]
3 Aaron Judge OF New York Yankees $40,000,000 [18]
4 Anthony Rendon 3B Los Angeles Angels $38,571,428 [19]
5 Mike Trout CF $37,116,666 [20]
6 Gerrit Cole SP New York Yankees $36,000,000 [21]
7 Corey Seager SS Texas Rangers $35,500,000 [22]
8 Nolan Arenado 3B St. Louis Cardinals $35,025,000 [23]
9 Stephen Strasburg SP Washington Nationals $35,000,000 [24]
10 Francisco Lindor SS New York Mets $34,100,000 [25]

Top 10 Career earnings through 2024 season

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Though retired since 2007, Barry Bonds' career earnings of over $192 million still ranks in the top 50 overall in MLB history.
Earnings up to date as of the end of the 2024 season.[E]
Name Team(s) Position Years Earnings Ref
Alex Rodriguez Seattle Mariners
Texas Rangers
New York Yankees 		SS, 3B 1994–2016 $455,159,552 [26]
Justin Verlander Detroit Tigers
Houston Astros
New York Mets 		SP 2006–Present $398,466,363 [27]
Miguel Cabrera Florida Marlins
Detroit Tigers 		1B 2003–2023 $393,188,684 [28]
Albert Pujols St. Louis Cardinals
Los Angeles Angels
Los Angeles Dodgers 		1B, OF, DH 2001–2022 $341,810,741 [29]
Zack Greinke Kansas City Royals
Milwaukee Brewers
Los Angeles Angels
Los Angeles Dodgers
Arizona Diamondbacks
Houston Astros 		SP 2004–Present $315,974,948 [30]
Max Scherzer Arizona Diamondbacks
Detroit Tigers
Washington Nationals
Los Angeles Dodgers
New York Mets
Texas Rangers 		SP 2008–Present $314,574,999 [31]
Clayton Kershaw Los Angeles Dodgers SP 2009–Present $298,676,411 [32]
Mike Trout Los Angeles Angels OF 2011-Present $267,740,125 [33]
Derek Jeter New York Yankees SS 1995–2014 $266,315,981 [34]
CC Sabathia Cleveland Indians
Milwaukee Brewers
New York Yankees 		SP 2001–2019 $263,500,000 [35]

Salary progression

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Nolan Ryan (pictured) became the first player to earn an average salary above $1 million in 1979. 17 years later Albert Belle became the first player to average above $10 million a year.
This list documents the progression of the highest average annual value contracts/contract extensions.[36][P]
Average annual salary Date signed Name Team Position Contract duration
(Years) 		Ref(s)
$166,667 February 17, 1971 Carl Yastrzemski† Boston Red Sox OF 3 [37]
$250,000 February 27, 1973 Dick Allen Chicago White Sox 1B 3 [38]
$640,000 December 31, 1974 Catfish Hunter† New York Yankees SP 5 [39]
$800,000 February 3, 1979 Rod Carew† California Angels 1B 5 [40]
$1,170,000 November 19, 1979 Nolan Ryan† Houston Astros SP 3 [6][41]
$2,500,000[a] December 15, 1980 Dave Winfield† New York Yankees RF 10 [42][43]
$2,600,000 September 4, 1985 Eddie Murray† Baltimore Orioles 1B 5 [44][45]
$2,633,333[b] February 16, 1989 Orel Hershiser Los Angeles Dodgers SP 3 [46][47]
$2,970,000 November 17, 1989 Bret Saberhagen Kansas City Royals SP 3 [48][49]
$3,000,000[c] November 22, 1989 Kirby Puckett† Minnesota Twins CF 3 [50][51]
$3,200,000 December 1, 1989 Mark Langston California Angels SP 5 [52][53]
$3,250,000 December 11, 1989 Mark Davis Kansas City Royals SP 4 [54][55]
$3,500,000 January 17, 1990 Dave Stewart Oakland Athletics SP 2 [56][57]
$3,750,000 January 22, 1990 Will Clark San Francisco Giants 1B 4 [58][59]
$3,860,000 April 9, 1990 Don Mattingly New York Yankees 1B 5 [60][61]
$4,700,000 June 28, 1990 Jose Canseco Oakland Athletics RF/DH 5 [62][63]
$5,380,000 February 2, 1991 Roger Clemens Boston Red Sox SP 4 [64][65]
$5,800,000 December 2, 1991 Bobby Bonilla New York Mets 3B/RF 5 [66][67]
$7,100,000 March 2, 1992 Ryne Sandberg† Chicago Cubs 2B 4 [68][69]
$7,290,000 December 6, 1992 Barry Bonds San Francisco Giants LF 6 [70]
$8,500,000 January 31, 1996 Ken Griffey Jr.† Seattle Mariners CF 4 [71][72]
$11,000,000 November 19, 1996 Albert Belle Chicago White Sox LF 5 [73][74]
$11,450,000 March 20, 1997 Barry Bonds San Francisco Giants LF 2 [75]
$11,500,000 August 10, 1997 Greg Maddux† Atlanta Braves SP 5 [76][77]
$12,500,000 December 10, 1997 Pedro Martínez† Boston Red Sox SP 6 [78][79]
$13,000,000 October 26, 1998 Mike Piazza† New York Mets C 7 [80][81]
$13,333,333 November 25, 1998 Mo Vaughn Anaheim Angels 1B 6 [82][83]
$15,000,000 December 12, 1998 Kevin Brown Los Angeles Dodgers SP 7 [84][85]
$15,450,000[d] August 11, 2000 Roger Clemens New York Yankees SP 2[d] [64][86]
$17,000,000 October 20, 2000 Carlos Delgado Toronto Blue Jays 1B 4 [87][88]
$25,200,000 December 10, 2000 Alex Rodriguez Texas Rangers SS 10 [9][89]
$27,500,000 December 13, 2007 Alex Rodriguez New York Yankees 3B 10 [11][89]
$30,714,285 January 15, 2014 Clayton Kershaw Los Angeles Dodgers SP 7 [90]
$31,000,000 March 27, 2014 Miguel Cabrera Detroit Tigers 1B 8 [91]
$34,400,000 December 8, 2015 Zack Greinke Arizona Diamondbacks SP 6 [92]
$35,541,667 March 19, 2019 Mike Trout Los Angeles Angels CF 12 [93]
$36,000,000 December 16, 2019 Gerrit Cole New York Yankees SP 9 [94]
$43,333,333 November 29, 2021 Max Scherzer New York Mets SP 3 [95]
$46,081,476[f] December 11, 2023 Shohei Ohtani Los Angeles Dodgers SP 10 [96]

See also

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Footnotes

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  • E "Earnings" as discussed here refers to salaries paid to players under MLB contracts and does not include advertising or other sources of income. All values are listed in nominal dollars.
  • P "Average annual value" is calculated as the total value of a contract (less bonuses) divided by the number of years. A $20 million/2-year contract would have an average annual value of $10 million, even if the player actually received $9 million one season and $11 million in the other. This also does not include contracts for less than a season prorated in value for a full season such as Roger Clemens' 2006 and 2007 contracts.[64][97][98][99][100] All values are listed in nominal dollars.
  • a Dave Winfield initially negotiated a 10-year deal in 1980 worth a projected $25 million ($2.5 million per year).[43] However, Yankees owner George Steinbrenner reportedly had not fully understood a cost of living adjustment provision in it and the 10-year contract was renegotiated a few months later. The final precise value is unclear, although it fell between $20 and $25 million in total value ($2–2.5 million a year).[42][101][102][103]
  • b Hershiser and Frank Viola both won the 1988 Cy Young Award and Viola signed an identically sized $7.9 million, 3-year contract two months after Hershiser.[104]
  • c Rickey Henderson signed a $12 million, 4-year contract with the Oakland Athletics on November 28, 1989, 6 days after Puckett signed his $9 million, 3-year contract.[53][105]
  • d Roger Clemens signed a contract extension during the 2000 season covering 2001 and 2002 along with a player option for 2003. Clemens was paid $10.3 million each year for 2001 and 2002, with the same $10.3 million available if he elected to play in 2003 under his option. However, Clemens also received $10.3 million if he rejected the option. As a result, he could effectively collect the full $30.9 million of contract value for only two years of play ($15.45 million annually).[86][106] However, the Yankees valued this deal as a $10.3 million annually, three-year deal.[36] He became a free agent after the 2002 season and ultimately re-signed with the Yankees for a new, one-year contract in which they bought out the previous option.[64][107]
  • f Shohei Ohtani signed a $700 million 10-year contract with the Dodgers. Ohtani will receive $2 million a year for ten years and then $68 million a year for the following ten years. Because of this, the present value AAV is lower than the $70 million he'd otherwise earn if there were no deferrals.

References

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Bibliography

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