Study: MLB average salary hits record $5.34M, led by Mets

NEW YORK — Major League Baseball’s average salary rose 3.4% on Opening Day to a record $5.34 million, according to a study by The Associated Press, and the New York Mets topped spending at the season’s start for the fourth straight year.

Mets outfielder Juan Soto is the highest-paid player for the second consecutive season at $61.9 million and was followed by New York Yankees outfielder Cody Bellinger at $42.5 million.

Philadelphia pitcher Zack Wheeler and Mets third baseman Bo Bichette tied for third at $42 million. Toronto first baseman Vladimir Guerrero Jr. was fifth at $40.2 million, just ahead of Yankees outfielder Aaron Judge at $40 million.

The Mets’ payroll of $352.2 million was just below the record $355.4 million they set in 2023 and up from $322.6 million last year. The Mets’ total is more than five times that of Cleveland, the lowest-spending team at $62.3 million.

The two-time defending World Series champion Los Angeles Dodgers were second at $316.6 million, down from $319.5 million last year. The Dodgers’ total would be $395.2 million if deals for nine players with deferred money had not been discounted to present-day value. The Mets have deals with deferred money with just three players, and their total would be $360 million without discounting.

MLB’s average of $5,335,966 increased from $5,160,245 at the start of last season and has risen 28% under the five-year collective bargaining agreement that expires in December, an average of 5.6% annually.

The top five spenders were unchanged from last year, with the Yankees third ($297.2 million), followed by Philadelphia ($282 million) and Toronto ($269 million).

Six clubs had $250 million payrolls, up from four; and 10 teams had $200 million payrolls, an increase from nine.

Eight teams were under $100 million, up from five.

Detroit had the biggest increase, up $64.2 million to $206.7 million after signing pitcher Framber Valdez, re-signing Gleyber Torres with a qualifying offer and giving a big raise to ace Tarik Skubal via arbitration. Atlanta increased by $44.1 million, and the Chicago Cubs, Toronto and the Mets by just under $30 million.

Minnesota slashed payroll by $46.3 million from Opening Day last year to $96.5 million.

St. Louis cut its Opening Day payroll from $141.5 million to $100.4 million. The Cardinals’ spending includes $44 million it is paying Arizona and Boston as part of trades to get rid of Nolan Arenado, Sonny Gray and Willson Contreras, plus just under $3.4 million to Arenado as the present-day value of a $6 million assignment bonus that originally had been deferred money owed in his contract and remains payable by the Cardinals in 2040 and ’41.

Other teams with big cuts included the Guardians ($40.2 million), Texas ($37.3 million) and Washington ($23.3 million).

Payrolls include the 942 players on Opening Day rosters and injured lists. They do not include players on the restricted list such as Cleveland pitchers Emmanuel Clase and Luis Ortiz, Atlanta outfielder Jurickson Profar and Philadelphia outfielder Johan Rojas.

They also don’t reflect players who started the season assigned to minor league teams such as Dodgers second baseman Hyeseong Kim and Toronto pitcher Yariel Rodríguez.

Baseball’s median salary, the point at which an equal number of players are above and below, rose to $1.4 million from $1.35 million and remained below the record high of $1.65 million at the start of 2015. Active rosters expanded to 26 players in 2021.

Average and median salaries decline over the course of the season as veterans are released and replaced by younger players making closer to the minimum. MLB calculated the 2025 final average at $4.61 million and the players’ association at $4.72 million.

There were 519 players earning $1 million or more, at 55%, the same as last year.

Nineteen players earned $30 million or more, an increase of four; 74 were at $20 million, up from 66; and 168 at $10 million, down from 177.

Thirty-one players made the $780,000 minimum.

The top 50 players make 30% of the salaries, up from 29% in the prior two years, and the top 100 earn 49%, up from 48% last year.

The AP’s figures include salaries and prorated shares of signing bonuses and other guaranteed income. Payroll figures factor in adjustments for cash transactions in trades, signing bonuses that are the responsibility of the club agreeing to the contract, option buyouts and termination pay for released players.

MLB’s payrolls are based on 40-man rosters and fluctuate each day depending on roster moves.