MLB's biggest contracts by overall value
The coronavirus pandemic is expected to have a major impact on player compensation during the 2020 season
MLB moving toward new payment system with players: Report
FOX Business' Charlie Gasparino breaks news on the MLB reportedly moving away from its 50-50 straight revenue sharing plan with players. Gasparino later discusses the New York Stock Exchange floor partially reopening on Tuesday and how Wall Street firms are reacting to it.
Major League Baseball's biggest contracts are among the most valuable deals in all of sports.
Under normal circumstances, MLB player contracts aren’t limited by a salary cap. The deals are also fully guaranteed for their full term.
MLB WITHOUT FANS? WHY MIKE TROUT ENDORSES BASEBALL'S NEW NORMAL
The coronavirus pandemic is expected to have a major impact on player compensation during the 2020 season. MLB owners have proposed a system that would result in significant pay cuts that would reflect the league’s reduced income without fans in attendance at games.
Player’s union continues to balk at MLB revenue split for salaries: Gasparino
Sources tell FOX Business’ Charlie Gasparino MLB team owners are still confident players will eventually agree to a revenue split despite pushback.
Under the owners’ proposal, a player with a $35 million salary would earn about $7.8 million for the 2020 season. The MLB Players Association wants players to be paid on a prorated basis, with original 2020 salaries serving as the starting point.
WHO IS MLB COMMISSIONER ROBERT MANFRED?
FOX Business breaks down MLB’s biggest contracts by overall value:
Mike Trout, outfielder, Los Angeles Angels
Mike Trout #27 of the Los Angeles Angels bats during a game against the Cincinnati Reds on Tuesday, February 25, 2020 at Tempe Diablo Stadium in Tempe, Arizona. (Photo by Alex Trautwig/MLB Photos via Getty Images)
Contract: 12 years, $426.5 million
Average annual pay: $35.5 million
Bryce Harper, outfielder, Philadelphia Phillies
Bryce Harper #3 of the Philadelphia Phillies runs back to the dugout in the middle of the fourth inning during a Grapefruit League spring training game against the Toronto Blue Jays at Spectrum Field on March 05, 2020 in Clearwater, Florida. (Photo b
Contract: 13 years, $330 million
Average annual pay: $25.4 million
Giancarlo Stanton, outfielder, New York Yankees
HOUSTON, TX - OCTOBER 12: Giancarlo Stanton #27 of the New York Yankees takes batting practice prior to Game 1 of the ALCS between the New York Yankees and the Houston Astros at Minute Maid Park on Saturday, October 12, 2019 in Houston, Texas. (Photo
Contract: 13 years, $325 million
Average annual pay: $25 million
Gerrit Cole, starting pitcher, New York Yankees
TAMPA, FLORIDA - FEBRUARY 24: Gerrit Cole #45 of the New York Yankees delivers a pitch in the first inning during the spring training game against the Pittsburgh Pirates at Steinbrenner Field on February 24, 2020 in Tampa, Florida. (Photo by Mark Bro
Contract: Nine years, $324 million
Average annual pay: $36 million
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Manny Machado, third baseman, San Diego Padres
PEORIA, ARIZONA - MARCH 05: Manny Machado #13 of the San Diego Padres fields a ball during a Cactus League spring training baseball game against the Seattle Mariners at Peoria Stadium on March 05, 2020 in Peoria, Arizona. (Photo by Ralph Freso/Getty
Contract: 10 years, $300 million
Average annual pay: $30 million