MLB minimum salary will increase to $414,000 for 2011

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The commissioner’s office announced today that the MLB minimum salary will rise to $414,000 for 2011, which is a $14,000 increase from the $400,000 mark this year.

As part of the collective bargaining agreement the minimum salary rises at the same rate as the increase in the Consumer Price Index-Urban Wage Earners and Clerical Workers.

Minor leaguers also receive a bump in pay, with the minimum salary for non-big leaguers on the 40-man roster rising from $65,000 to $67,300.

Earlier this week the Associated Press reported that the average MLB salary exceeded $3 million in 2010 for the first time.