Baseball stars are getting paid less than they were 10 years ago
Major League Baseball teams started going yard on player contracts when Kevin Brown became baseball’s first nine-figure player in 1998. And by 2007, Alex Rodriguez signed a 10-year, $275m contract with the New York Yankees. But since 2015, MLB salaries have been in a slump.
With adjusted inflation even Bryce Harper (who signed a record 13-year, $330m deal with the Phillies this year) can’t match what the Yankees shelled out for A-Rod 12 years ago.
So why the small ball?
Blame Billy Beane
Over the years, clubs have fielded armies of statisticians who’ve realized it’s not always a home run to pay top dollar for top-level talent. Why swing for one when you can field an entire infield for the same price?