Average MLB salary continues to rise

ESPN:

NEW YORK -- Baseball salaries were booming even before the free-agent escalation that began more than a month ago.

The average salary shot up 9 percent this year to $2,699,292, according to final figures released Wednesday by the Major League Baseball Players Association. The increase was the highest since a 12.8 percent rise in 2001 and makes it likely the $3 million mark will be broken next year or in 2008.

"The increase in the average salary is a reflection of the growth in overall industry revenues, and that while the sport still has significant economic challenges, the increased average is a reflection of the level of the talent on the field," said Bob DuPuy, baseball's chief operating officer.

Baseball salaries are soaring, with Alfonso Soriano ($136 million), Vernon Wells ($126 million) and Carlos Lee ($100 million) agreeing to nine-figure deals since the end of the season, boosting baseball's total of $100 million contracts to 11.

Still, no one has approached Alex Rodriguez's record $252 million, 10-year contract, agreed to after the 2000 season.

The New York Yankees had the highest average salary for the eighth consecutive season, but their average dropped to $6.95 million from a record $7.39 million the previous year.

Houston was second at $4.28 million, up from ninth place in 2005. Boston was third at $3.99 million, down from $4.17 million the previous season, followed by the New York Mets ($3.86 million), the Chicago White Sox ($3.81 million) and the World Series champion St. Louis Cardinals ($3.78 million).