MLB’s minimum salary will increase in 2015 from $500,000 to $507,500, according to Michael Baron.
#MLB minimum salary will rise from $500k to $507,500 in 2015. They call that a cost of living adjustment.
— Michael Baron (@michaelgbaron) November 26, 2014
As Baron notes, the difference represents a cost of living adjustment. The latest Collective Bargaining agreement had the minimum at $480,000 in 2012 (going up from $414,000 the year before), $490,000 in 2013, $500,000 in 2014, and cost of living adjustments in 2015 and 2016.
I’ve updated the 2015 payroll page with the projected results. The change doesn’t make a huge difference. It takes the estimated payroll from $71.58 M to $71.62 M, representing less than a $100,000 increase.