Contracts may appear crazy, but teams’ revenue increases vastly outstrip player salary increases

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The majority of people weighing in on Miguel Cabrera’s new deal are going to exclaim how crazy it is and how baseball players are overpaid, but it’s probably worth remembering that since 2002, baseball player total salaries, as a share of new revenue, have declined from 56 percent to 40 percent. And that as average payroll has gone up by 58 percent in that time, team revenue has gone up by 122 percent.

That comes from Matt Swartz of The Hardball Times, who drops some Econ 101 on us about these things — with lots of graphs and data and stuff — concluding that, while eyes continue to pop every time a new contract is signed, baseball players are getting increasingly smaller pieces of the growing baseball revenue pie.

So, lament the “greedy” players all you want. But don’t forget to think about what the owners are making these days. And that’s without even picking up a bat or a glove.

Blake Wood has a damaged UCL

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Jeff Fletcher of the Orange County Register reports that Angels reliever Blake Wood underwent an MRI and was diagnosed with a damaged ulnar collateral ligament. Wood will seek further opinions before a course of treatment is decided. Tommy John surgery is a possibility.

Wood, 32, had been on a rehab assignment with High-A Inland Empire and has been on the disabled list since April 22. Prior to the injury, Wood compiled a 2.31 ERA with a 10/7 K/BB ratio in 11 2/3 innings.

Keynan Middleton recently underwent Tommy John surgery to repair a damaged UCL, so it’s not been a great time to be a member of the Angels’ bullpen.