“For the better part of a decade, it has been my honor to help lead this fight and to shine a light on the unfair labor practices that have long plagued America’s pastime.” “As a former minor league baseball player, I’ve seen first-hand the financial struggle players face while earning poverty-level wages - or no wages at all - in pursuit of their major league dream,” Garrett Broshuis, an attorney who worked on the suit, said in a statement. In July, a federal class-action lawsuit filed by minor league players who sought compensation for minimum wage and overtime from the MLB was settled by both parties, ending in a $185 million payment to thousands of minor league players, according to the Associated Press. See also: The typical S&P 500 CEO made 324 times more than the median-paid worker last year Unlike MLB players, minor league baseball participants are not currently unionized. All 30 MLB teams have a multi-team minor league system that funnels players up to the majors. So what’s the difference between the leagues? Minor league baseball teams are franchises made up of players under contract to - and controlled by - their Major League Baseball club. And a majority of players in the minor leagues do not have such a luxury. But such large bonuses, like the $5.2 million signing bonus that pitcher Kumar Rocker received this week, are reserved for only some of the top players. It’s important to note that a small number of amateur baseball players who are selected near the top of the MLB Draft may also earn additional signing bonuses while playing in the minor league system. A minor league player earning the maximum $700-per-week compensation for approximately 22 weeks would earn $15,400. Minor leaguers are only paid for the duration of the baseball season, which can be as long as five months. The MLB raised minimum salaries for minor league players in 2021, increasing pay for players in Single-A from $290 to $500 per week, Double-A from $350 to $600 and Triple-A from $502 to $700 over the roughly five-month season. See also: Tiger Woods turned down over $700 million to join Saudi-backed LIV Golf, says Greg Norman The average salary for a major leaguer in the 2022 season was $4.4 million, according to a study of baseball contracts by the AP, and the median salary was in the $1.2 million ballpark.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |