“After my fourth season I asked for $43,000 and General Manager Ed Barrow told me, ‘Young man, do you realize Lou Gehrig, a 16-year-man, is playing for only $44,000?’ I said, Mr. Barrow, there is only one answer to that – Mr. Gehrig is terribly underpaid.” – Yankees outfielder Joe DiMaggio
Last year the league broke the $3 billion line for the first time. No surprise here, the estimated 2014 league payroll is up approximately 4%. For the 2nd year in a row, the LA Dodgers lead the league with the highest payroll with $216 million (slightly down from last year). This year the Miami Marlins have the lowest payroll with $42 million. They took the title away from the Houston Astros who almost doubled their payroll this year, exploding from $25 million a year to a shocking $48 million. Regarding teams with a winning record, the Oakland A’s and the Tampa Rays are the teams that are able to scrap together the cheapest win (cost per win).