Quick Hit: MLB Minimum Salary Holds Steady at $507,500 for 2016

Major League Baseball’s minimum salary for their players rose to an all-time high of $507,500 before the 2015 season, up from an even $500K in 2014, and that is where it will remain at least through the 2016 season.

The collective bargaining agreement, which expires after the 2016 season just as a reminder, states that a cost-of-living adjustment is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. That measure, according to the Bureau of Labor Statistics, decreased over the last 12 months meaning a raise is not coming, although neither is a decrease.

Just as an FYI the minor league minimum salary for a player signing a second major league contract will also stay the same at $82,700 while the minor league minimum for a player signing an initial big league contract also stays the same at $41,400.