Itâ€™s often said that players inÂ MLBÂ â€śmake too much money.â€ť In relationship to some professions (teachers often get cited), the relationship in pay gets brought up. Of course, when you really think about it, MLB is really a form of entertainment. Itâ€™s a capitalism thing â€“ supply and demand â€“ if people didnâ€™t pay the money they did to watch games and purchase merchandise, wellâ€¦ players wouldnâ€™t make as much.
But, with the Fielder signing, I made the comment to my Baseball Prospectus brethren that â€śthe AL had gone bat-s%$# crazyâ€ť in terms of spending.â€ť
Rebecca Glass responded by asking, â€śHave you thought about looking at how some of the salaries add up compared to the gross-domestic product (GDP) of some small countries?â€ť I said I hadnâ€™t but it would be a fun look.
To that end, Rebecca hit Wikipedia and came up with below.
If you combine A-Rodâ€™s current deal, plus the recent Pujols and Fielder signings, you come up with a total contract amount of $729 million. These countries have a GDP less than that:
Special thanks to Rebecca Glass
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. Hewrites for Baseball Prospectus and is a contributor to Forbes SportsMoney blog..Â He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).
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