There is no salary cap in MLB. There is something called a 'luxary tax'. This is a 'tax' on the amount of salary over a threshold as decided by the labor agreement between the players and management. For 2008, this threshold is $155,000,000. Any team whose total salaries exceed this threshold will have to pay a 'tax' on the amount over the threshold. This tax is 22.5% for teams that have gone over the threshold for the first time, 30% for teams that have gone over the threshold for the second time, and 40% for teams that are over for the third time or more. The money accumulated from luxary taxes is placed in a fund and divided among small market teams.
According to the current collective bargaining agreeement, the minimum salary for a major league baseball player will be $380,000 in 2008. The maximum salary in 2008 will be $27.5 million per year after a ten year, $275 million deal between the Yankees and Alex Rodriguez is finalized.
Geoff Jenkins salary in the 2008 season was $5 million.
Based on the 2008 MLB baseball salary roster reported by USA Today, Here it is! Not bad. Oakland Athletics Thomas, Frank DH $337,000 2008
In 2008, Major League Baseball (MLB) consisted of 30 teams.
2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols
2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols
2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols
Philidelfia Phillies
According to MLB, the average salary of all players on opening day rosters in 2008 was $3.15 million. In 2007, the average salary was $2.94 million. Alex Rodriguez was the highest paid player in 2008 at $28 million. The MLB minimum salary was $390,000.
David
the philadelphia phillies won the 2008 world series
11,305,896 as of December 2 2008