NEW YORK (AP) — The major league minimum salary will rise to $570,500 next season, a hike of $7,000.
The minor league minimum for a player signing his first major league contract increases from $46,000 to $46,600 next season, and the minor league minimum for a player signing a second or later major league contract goes up from $91,800 to $93,000.
In the final two seasons of the five-year deal, the increase is calculated as the rise from October to October in the Consumer Price Index for Urban Wage Earners and Clerical Workers.