Average MLB Salary Surpasses $5 Million Mark

The average salary for Major League Baseball (MLB) players has reached a record $4.66 million in 2024, a significant increase from $1.89 million in 2000, marking nearly a 150% rise over 25 years. This surge in salaries has led to an unprecedented number of players earning over $1 million, with 55% of the league's players surpassing that mark as of Opening Day 2025. Notable contracts include Juan Soto earning $61.9 million with the New York Mets and Zack Wheeler at $42 million. The trend reflects an overall explosion in MLB salaries, with projections indicating that the average salary may exceed $5 million in the near future. Meanwhile, teams like the Dodgers and Mets are adjusting payroll strategies, with some players accepting deferred payments. The growing financial stakes in MLB continue to reshape the landscape of player contracts and team strategies.