If you take a look at the history of MLB salaries over the last 25 years, you will quickly be able to establish the sheer amount of money which is pumped into MLB each and every year. The highest earner in MLB is New York Yankees all-time favourite Alex Rodriguez. In 2007 the hot shot signed questionably the most lucrative deal in the history of MLB which saw him commit to a 10 year deal with the Yankees, worth an estimated $275 million. In the season between 2009 - 2010 Alex Rodriguez was at the peak of his MLB career, and his salary certainly supported this statement, Rodriguez was able to net an astonishing $33 million from the New York Yankees per annum. In the 2013 MLB season, Rodriguez netted an impressive $29 million, and this didnít include money from endorsements and growing sporting brands who wanted Rodriguez as the figurehead of their brand new products.
Although the game of baseball hasnít changed much over the years, the money which influences the game certainly has. In order to secure such high calibre of athlete like Rodriguez, the New York Yankees had to have exceptionally deep pockets, and exceptionally deep pockets the New York Yankees have. The New York Yankees as well as other MLB teams raise the majority of their funds via ticket receipts, merchandise sales, player endorsements and from the MLB itself. The money which is put into the MLB has a continuous flowing cycle, allowing teams within the MLB to inject money into training and sporting facilities. This helps improve the playerís ability and performances, resulting in even more money in ticket receipts and player merchandise, for the clubs to then inject back into the system.
Sports betting, casino betting and fantasy baseball betting are three key areas which influence a large proportion of the money which is spent in MLB. Members of the public are now able to bet online with in play betting and wage money on the game in real time as the action unfolds. This is quickly becoming a particularly lucrative area of betting and is questionably the most profitable sector of betting as a whole. One particular online casino has gone out of their way to feature an entire casino slots game based on the game of baseball. If you want to play the game yourself click on the link above and see how much of a MLB fan you are.
These are just a few select approaches which the MLB is adopting to improve the game as a whole. Although it may have certain objections, it is certainly keeping the best baseball players in the league, and it is making the game ever more exciting each and every year. With up and coming players becoming a key part in the MLB, keeping money in the game has never been as important.