How much does a beginning MLB player earn?

Answer 1

380 to 420k is the standard yearly rate for beginning major leageurs. They are basically under contract with the team that drafted them for six years. Exceptional performers are given raises as an act of good faith. Boston gave closer Jonathan Papelbon a raise to 775k this year, around twice what they were required under contract. As a free agent, he should be worth at least as much as Yankees closer Mariano Rivera, who is making $15 million a year.