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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.
What else can I help you with?
How much was Geoff Jenkins paid to play major league baseball?
Geoff Jenkins salary in the 2008 season was $5 million.
Who was the lowest paid player in Major League Baseball in 2008?
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
How many teams are in the Major League Baseball 08?
In 2008, Major League Baseball (MLB) consisted of 30 teams.
Who was the 2008 Major League Baseball mvp?
2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols
What is the salary range for a major league baseball player?
There is no set starting salary for a MLB player as that is negotiated by the player and the team. The minimum salary for a MLB player in 2006 was $380,000 and the average salary for a MLB player in 2006 was $2,699,292.
What is the average yearly earnings of Major League Baseball?
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.
What is the lowest paid player in the major league baseball?
The minimum salary in the major league baseball is $300,000 PY. there is no lowest paid player.
Who was the MVP of the 2008 Major League Baseball season?
2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols
League minimum salary for Major League Baseball?
2012 - $480,000 2011 - $414,000 2010 - $400,000 2009 - $400,000 2008 - $390,000 2007 - $380,000 2006 - $327,000 2005 - $316,000 2004 - $300,000 2003 - $300,000 2002 - $300,000
Who won the 2008 major league baseball World Series?
the philadelphia phillies won the 2008 world series
What is the most common first name in Major League Baseball in 2008 season?
David
Has there ever been a switch pitcher in Major League Baseball?
no yet but there is one in college 2008
