Baseball's minimum salary rises to $414K next year - KMOV.com

Baseball's minimum salary rises to $414K next year

Posted: Updated:
San Francisco Giants celebrate after winning baseball's World Series against the Texas Rangers  3-1 Monday, Nov. 1, 2010, in Arlington, Texas. (AP Photo/Eric Gay) By Eric Gay San Francisco Giants celebrate after winning baseball's World Series against the Texas Rangers 3-1 Monday, Nov. 1, 2010, in Arlington, Texas. (AP Photo/Eric Gay) By Eric Gay

NEW YORK (AP) -- The lowest-paid players in the major leagues are getting a raise.

The minimum salary is rising by $14,000 to $414,000, the commissioner's office said Wednesday.

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 $65,000 to $67,300.

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 2008 through November 2010.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

Powered by Frankly