what is the minimum salary for mlb
The current labor agreementâthe one that expires next Decemberâis a large part of the reason for this asymmetry. In November, it was announced that the minimum salary for a MLB player will remain $507,500, the same as last yearâs figure. Without question, over half a million dollars is a significant amount of money. Equally without question, though, is this: Major League Baseball players are grossly underpaid.