Baseball’s average salary exceeds $3 million for the first time

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The Associated Press reports that the average salary in Major League Baseball has surpassed $3 million for the first time.  Here’s a breakdown of the average salaries and minimum salaries in Major League Baseball going back to 1967.  Two thoughts:

1) I remember back in the 80s when Sports Illustrated ran a story with all of the baseball players’ salaries listed from highest to lowest. On the cover was big-money-Mike Schmidt, topping the league with his $2 million and change salary. These days that’s below average.

2) For anyone who says that Marvin Miller isn’t a Hall of Famer, check out those 1967 salaries. The minimum was $6,000.  Even in 1967, that meant that ballplayers with families often had to take winter jobs to make ends meet.

I’m not suggesting that Miller’s Hall of Fame case is based just on salaries, but ask yourself: how much better is the quality of play today, when ballplayers can spend their winters recovering, conditioning and getting ready for the next season, than back in the days when they had to sell cars or dig graves or whatever?

Report: Astros extend Justin Verlander for two years, $66 million

Justin Verlander
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The Astros are in agreement with right-hander Justin Verlander on a two-year, $66 million extension, Mark Feinsand of MLB.com was among those to report on Friday. With no money deferred, the $33 million he’ll receive over the next two years will set a record AAV for major-league pitchers; something MLB Network’s Jon Heyman says matters to Verlander, who “cares how his deals affect markets (and fellow players).”

While it’s far from the five-year, $100 million extension teammate Alex Bregman signed with the club on Friday, the deal will give the Astros a bigger window to consider their long-term plans for the ace before he hits free agency again. Prior to Saturday’s agreement, Verlander’s original contract — the hefty seven-year, $180 million arrangement he reached with the Tigers in 2013 — was set to expire at the conclusion of the 2019 season.

It’s difficult to overestimate the value Verlander has provided to the Astros since they acquired him from the Tigers back in 2017. He was named the 2017 ALCS MVP following seven shutout innings in a must-win Game 6 performance and helped the Astros clinch their first franchise World Series title. In 2018, he earned his seventh career All-Star distinction and received consideration for both AL Cy Young and MVP awards after pitching to a 16-9 record in 34 starts with a 2.52 ERA, 1.6 BB/9, 12.2 SO/9 (the product of a career-high 290 strikeouts), and 6.7 fWAR over 214 innings.

The deal has not been confirmed by the team.