Major League Baseball players get paid per year. I am not aware at how often their paychecks are disbursed throughout the year, but their contracts, even if they are agreed upon multiple years, are on a yearly basis. So even while they're playing in the pre- and postseason, they're already paid unless they are freshly pulled from the minors.
One of the best ways for us regular people to understand how Baseball players' salaries are handled, you can check out one of the newer Video Games, MLB 10 The Show if you have a PlayStation 2 or 3. It is pretty realistic in Franchise mode with salaries. You get to see what your salary cap is and you must pay your players according to how much you have to spend. It really gives you a great idea of how difficult it can be to make a team with limited funds.
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