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A split contract is typically one that's signed by players who have prior major league experience and are signed to a minor league contract. Generally they are given an invitation to the major league clubs Spring Training.
A split contract includes separate salary rates while they're in the minor leagues and while they are on the Major League club.
The major league minimum salary is currently $400,000 for an 183 day season.
If the player is assigned to the minor leagues at any point in the season he'll earn a daily rate of at least 60% of the total of his minor and major league salary from the previous season.
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