Graham Womack has a fun post over at The Hardball Times today: adjusting Hall of Famers’ top annual salary for inflation. The upshot: until extremely recently, most ballplayers made peanuts. Indeed, that inflation-adjusted $1.4 million for Ruth was actually the most anyone made for decades afterwards. The Sultan of Swat was pretty well-paid based on purchasing power of the time. Those who followed, not so much:
Many baseball greats had to play in the minors for years after they left the majors. It’s unheard of today for Hall of Famers, but players did it regularly in the first half of the 20th century whether it was 42-year-old Nap Lajoie hitting .380 in the International League in 1917 or Iron Man Joe McGinnity (who earned his nickname working in a steel foundry) pitching in the bushes until age 54. Others like Chief Bender and Wagner needed coaching jobs in retirement to escape the realities of the Depression. Grover Cleveland Alexander died alone in a rented room in 1950. While surely his alcoholism impoverished and isolated him, his top salary of $236,860 in 2012 dollars couldn’t have helped matters much.
It’s a fascinating post, not just for the list, but for the many references Womack cites which give a glimpse into the financial realities for even the best players on up through the 1970s.
There was a reason why Marvin Miller was given carte blanche by the players to go after the owners for a bigger piece of the pie. They had been getting crumbs for a century prior.
Welp, it was probably worth the gamble given that the Angels were paying most of his salary. But the Rangers’ gamble on Josh Hamilton failed and now Josh Hamilton is a free agent. The club has given him unconditional release waivers.
Hamilton underwent surgery to repair lateral and meniscus cartilage in his left knee back in June. During surgery it was discovered that he had an ACL injury as well, which required reconstruction. This whole season was lost and, while Hamilton has one year remaining on his contract, the Rangers are clearly able to compete without him and could use the roster spot over the small chance that he could be an everyday player again.
Hamilton will earn $30 million next season, $26.41 million of which is being paid for by the Angels. Last year in 182 plate appearances with the Rangers, Hamilton hit .253/.291/.441 with eight home runs and 25 RBI. At age 35, it’s not hard to imagine that his major league career is effectively over.
With the continuing caveat that it is really weird and likely as uncomfortable as hell for all of those involved for this to be playing out so publicly, here is the latest news on the Doc Gooden/Daryl Strawberry/possible cocaine relapse story. From the Daily News:
Dwight (Doc) Gooden is insisting publicly that he doesn’t have a drug problem, yet more and more people want to help him — none more significant than the Yankees, who have reached out to say they’ll pay for any treatment he would consider getting.
That’s admirable of the Yankees, as is their refusal to comment on it further (the Daily News got this info from Strawberry). The Yankees, of course, gave both Strawberry and Gooden second chances in the 1990s when their addiction problems threatened their careers.