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ANSWERS: 1
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Source: MLBPA-Major League Baseball Labor Agreement Term 1. Five-year labor contract. 2. Termination date - December 11, 2011. Minimum Salary 1. Major League: $380,000 in 2007, $390,000 in 2008 and $400,000 in 2009, COLA in 2011. The average 2007 salary of a Major League Baseball player was a record $2.82 million, an increase of 4.6 percent from the previous year's $2.7 million. As to the final salary, that would of course depend on the individual players length of tenure.
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