Major League Baseball told The Athletic, in a story about the competitiveness of arbitration, that the toy belt — an “informal” trophy — exists as “recognition of those club’s salary arbitration departments that did the best.”
More than 175 players were eligible for arbitration this offseason. Teams, however, settled with the majority of those players as only 10 cases actually reached the arbitration process.
Of those 10 cases, players won six — giving them a winning record for the third time in four years, but just the fifth time since 1996 and the 11th time since arbitration started in 1974.
However, even with huge new contracts for Mike Trout, Bryce Harper, Manny Machado and Nolan Arenado, Major League Baseball’s average salary dropped on Opening Day for an unprecedented second straight season, according to The Associated Press.
The average salary is now approximately $4,375,000 — a drop of $36,000 from last season.
Of the more than 850 players on a roster on Opening Day this season, more than 40 percent earned close to the league minimum of $555,000, USA Today reported.
The players’ association calculated last season’s final average at $4,095,686 and MLB at $4,007,987. The average is based on rosters and injured lists of Aug. 31, the last day before the active player limit expanded from 25 to 40. The union includes option buyouts in its average calculation and MLB does not.
The Associated Press contributed to this report.
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