{"id":10009,"date":"2011-01-07T07:01:04","date_gmt":"2011-01-07T07:01:04","guid":{"rendered":"https:\/\/baseballgb.co.uk\/?p=10009"},"modified":"2011-01-10T07:16:17","modified_gmt":"2011-01-10T07:16:17","slug":"major-league-money-2010-part-two","status":"publish","type":"post","link":"https:\/\/baseballgb.co.uk\/?p=10009","title":{"rendered":"Major League money 2010: Part Two"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignright size-full wp-image-6025\" title=\"MlbHlSq\" src=\"https:\/\/baseballgb.co.uk\/wp-content\/MlbHlSq.jpg\" alt=\"MlbHlSq\" width=\"141\" height=\"158\" \/>On Tuesday, <a href=\"https:\/\/baseballgb.co.uk\/?p=9993\">we took a look<\/a> at the final MLB payrolls from 2010.\u00c2\u00a0<\/p>\n<p>From the New York Yankees\u00e2\u20ac\u2122 free-spending ways to the San Diego Padres\u00e2\u20ac\u2122 frugal flirtation with a playoff spot, the figures showed the considerable financial gap that exists, but also that money doesn\u00e2\u20ac\u2122t guarantee success.\u00c2\u00a0 Those without big spending power are at a disadvantage, but it\u00e2\u20ac\u2122s far from being an insurmountable barrier.<\/p>\n<p>How does this situation compare with English Premier League football teams?\u00c2\u00a0 Does the financial might of the Premier League make the MLB payrolls look less imposing, or do footballers\u00e2\u20ac\u2122 wages pale in comparison to the big stars of baseball?<\/p>\n<p>Making meaningful comparisons between the two competitions is difficult. That\u00e2\u20ac\u2122s partly because we rarely get a clear picture of what football teams actually spend.\u00c2\u00a0<\/p>\n<p>Baseball fans can look on the roster pages at websites like ESPN.com, or consult dedicated resources such as the indispensible <a href=\"http:\/\/mlbcontracts.blogspot.com\/\">Cot&#8217;s Baseball Contracts<\/a>, and find out exactly what every player earns. In football, you normally only find out how much the biggest stars are earning when they get a new contract and even then the figures are informed estimates by journalists that vary from publication to publication (one newspaper will say \u00c2\u00a370k per week, another \u00c2\u00a380k etc).\u00c2\u00a0 <!--more--><\/p>\n<p>Despite these limitations, newspapers do publish details of expenditure by football clubs following the analysis of accounts and work by companies such as Deloittes.\u00c2\u00a0<\/p>\n<p>Back in June 2009, the Guardian\u00e2\u20ac\u2122s David Conn put together a breakdown of <a href=\"http:\/\/www.guardian.co.uk\/football\/table\/2009\/jun\/03\/premier-league-turnover-wages-debt\" target=\"_blank\">Premier League clubs&#8217; turnover, wages and debt in 2007-08<\/a>. Chelsea were the biggest spenders with a wage bill of \u00c2\u00a3149m. The pound\/dollar exchange rate has changed significantly since then, but on a current conversion that would amount to $232.4m: similar to the Yankees\u00e2\u20ac\u2122 total in 2010.<\/p>\n<p>More recently, David Conn has stated Manchester City\u00e2\u20ac\u2122s wage bill for all staff as being \u00c2\u00a3133m, which amounts to close to $207.5m. Most of that wage bill will go to the players and when you add on City\u00e2\u20ac\u2122s large outlay in transfer fees, their 2010\/11 expenditure on playing staff is likely to be significantly more than the Yankees\u00e2\u20ac\u2122.<\/p>\n<p>What about the gap between the largest spenders and the least wealthy?<\/p>\n<p>Generally the gap would be similar to that in MLB, albeit with the Premier League gap covering just 20 teams rather than 30; however, the difference between the haves and the have nots is all the more stark in 2010\/11 due to the presence of Blackpool.\u00c2\u00a0 Estimates of their wage bill vary between \u00c2\u00a36m or \u00c2\u00a310m, but we do know that they currently operate a wage cap in which no player earns more than \u00c2\u00a310k per week.\u00c2\u00a0 That\u00e2\u20ac\u2122s the equivalent of an annual salary of $810,376.<\/p>\n<p>What can you get for that sum in MLB.\u00c2\u00a0 When you look at the <a href=\"http:\/\/espn.go.com\/mlb\/team\/roster\/_\/name\/nyy\/new-york-yankees\" target=\"_blank\">Yankees\u00e2\u20ac\u2122 roster<\/a> and see Alex Rodriguez earning $33m in 2010, CC Sabathia earning $24.3m and A.J. Burnett \u00e2\u20ac\u02dcearning\u00e2\u20ac\u2122 $16.5m\u00c2\u00a0the natural reaction would be to think \u00e2\u20ac\u02dcnot a lot\u00e2\u20ac\u2122.\u00c2\u00a0 But then you scroll down and realise that you could have had Phil Hughes, Brett Gardner or Joba Chamberlain with several hundred thousand to spare.\u00c2\u00a0<\/p>\n<p>In fact, you could put together a very impressive group within the $810k limit when looking at some of the top performing young players from 2010.<\/p>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"2\" width=\"294\">\n<tbody>\n<tr>\n<td width=\"58\" valign=\"top\"><strong>Position<\/strong><\/td>\n<td width=\"112\" valign=\"top\"><strong>Player<\/strong><\/td>\n<td width=\"122\" valign=\"top\"><strong>2010 Salary<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">C<\/td>\n<td width=\"112\" valign=\"top\">Buster Posey<\/td>\n<td width=\"122\" valign=\"top\">Less than $400k*<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">1B<\/td>\n<td width=\"112\" valign=\"top\">Joey Votto<\/td>\n<td width=\"122\" valign=\"top\">$525k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">2B<\/td>\n<td width=\"112\" valign=\"top\">Martin Prado<\/td>\n<td width=\"122\" valign=\"top\">$440k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">3B<\/td>\n<td width=\"112\" valign=\"top\">Casey McGehee<\/td>\n<td width=\"122\" valign=\"top\">$427k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">SS<\/td>\n<td width=\"112\" valign=\"top\">Starlin Castro<\/td>\n<td width=\"122\" valign=\"top\">Less than $400k*<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">OF<\/td>\n<td width=\"112\" valign=\"top\">Carlos Gonzalez<\/td>\n<td width=\"122\" valign=\"top\">$406k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">OF<\/td>\n<td width=\"112\" valign=\"top\">Jason Heyward<\/td>\n<td width=\"122\" valign=\"top\">$400k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">OF<\/td>\n<td width=\"112\" valign=\"top\">Nelson Cruz<\/td>\n<td width=\"122\" valign=\"top\">$440k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">SP<\/td>\n<td width=\"112\" valign=\"top\">Clay Buchholz<\/td>\n<td width=\"122\" valign=\"top\">$443k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">SP<\/td>\n<td width=\"112\" valign=\"top\">Clayton Kershaw<\/td>\n<td width=\"122\" valign=\"top\">$440k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">SP<\/td>\n<td width=\"112\" valign=\"top\">Tommy Hanson<\/td>\n<td width=\"122\" valign=\"top\">$435k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">SP<\/td>\n<td width=\"112\" valign=\"top\">Mat Latos<\/td>\n<td width=\"122\" valign=\"top\">$408k<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">SP<\/td>\n<td width=\"112\" valign=\"top\">Gio Gonzalez<\/td>\n<td width=\"122\" valign=\"top\">$405<\/td>\n<\/tr>\n<tr>\n<td width=\"58\" valign=\"top\">CL<\/td>\n<td width=\"112\" valign=\"top\">Neftali Feliz<\/td>\n<td width=\"122\" valign=\"top\">$402k<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>* Posey and Castro didn\u00e2\u20ac\u2122t play a full MLB season, so their salaries aren\u00e2\u20ac\u2122t readily available.\u00c2\u00a0 They would have earned less than the minimum $400k though during the period they were in the Big Leagues.<\/em><\/p>\n<p>That\u00e2\u20ac\u2122s quite a collection of talent, all at bargain basement prices.\u00c2\u00a0 However, those figures have to be put into context.<\/p>\n<p>The other main reason why comparing MLB and Premier League expenditure is that the contract situation in both sports is completely different.\u00c2\u00a0 Those salaries are relatively low because the players are at the start of their Major League careers and they hide the fact that the team (or another team if the player was traded as a Minor Leaguer) had to pay the player a signing bonus when he was acquired in the annual amateur draft.\u00c2\u00a0<\/p>\n<p>Blackpool could afford Buster Posey\u00e2\u20ac\u2122s 2010 salary, but the $6.2m bonus he received from the San Francisco Giants when they selected him in the 2008 Amateur Draft would be beyond their means.\u00c2\u00a0 Mind you, Tommy Hanson\u00e2\u20ac\u2122s $325k bonus would fit much more easily into their budget.\u00c2\u00a0<\/p>\n<p>After three years, sometimes two if they are particularly successful, a player will start earning more money as they become \u00e2\u20ac\u02dcarbitration eligible\u00e2\u20ac\u2122 and their annual salary will be determined by an arbitration panel if the team and player cannot come to an agreement.\u00c2\u00a0\u00c2\u00a0 In an attempt to limit large year-by-year increases, a team will try to negotiate a multi-year contract with the best young players, and it\u00e2\u20ac\u2122s at that stage that Backpool\u00e2\u20ac\u2122s charge for MLB glory might come unstuck.<\/p>\n<p>Joey Votto won the National League MVP award while earning $525k, but the Reds knew his salary would greatly increase in the years ahead and therefore signed him to a six-year\/$51m contract (equivalent to \u00c2\u00a3105,323 per week over the period).\u00c2\u00a0 Carlos Gonzalez finished third in the NL MVP voting and is reportedly on the verge of signing a seven-year\/$80m (\u00c2\u00a3141,729 per week) contract extension with the Colorado Rockies.\u00c2\u00a0<\/p>\n<p>The bargains don\u00e2\u20ac\u2122t last long and the players earn more\u00c2\u00a0money when they hit free agency.<\/p>\n<p>Typically a player becomes a free agent after six years, sometimes longer if they sign a contract extension earlier in their career.\u00c2\u00a0 At that point the best players hit the financial jackpot, able to field offers from any team and signing a multi-year contract without a transfer fee needing to change hands (i.e. a \u00e2\u20ac\u02dcBosman free\u00e2\u20ac\u2122 type situation).\u00c2\u00a0<\/p>\n<p>Carl Crawford spent eight years with the Tampa Bay Rays before becoming a free agent for the first time this offseason.\u00c2\u00a0 In his first year in the Majors, Crawford earned $300k.\u00c2\u00a0 One month ago, he signed a seven-year\/$142m contract with the Boston Red Sox.\u00c2\u00a0 That\u00e2\u20ac\u2122s the equivalent of earning \u00c2\u00a3251,519k per week for the duration of the contract.\u00c2\u00a0 As a comparison, Yaya Toure\u00e2\u20ac\u2122s contract with Man City, that has caused plenty of outrage among some football fans, is worth \u00c2\u00a3220k per week for five years.\u00c2\u00a0<\/p>\n<p>So, the very best players in MLB can outstrip their Premier League rivals when they hit free agency, but they typically reach the top\u00c2\u00a0tier of the sport at an older age, earn less in their first few years and give up a significant amount of freedom at the beginning of their careers: they don\u00e2\u20ac\u2122t get a choice of who drafts them and can be traded at any point without their consent.<\/p>\n<p>One thing\u00e2\u20ac\u2122s for certain, the biggest teams and the best players in both MLB and the Premier League deal in figures the rest of us can only dream about, regardless of a recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After taking a look at the final 2010 MLB payrolls on Tuesday, we make some comparisons with the sums flying around in the English Premier League <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[553],"class_list":["post-10009","post","type-post","status-publish","format-standard","hentry","category-mlb-2","tag-mlb-2"],"_links":{"self":[{"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/10009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10009"}],"version-history":[{"count":6,"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/10009\/revisions"}],"predecessor-version":[{"id":10014,"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/10009\/revisions\/10014"}],"wp:attachment":[{"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baseballgb.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}