What MLB teams had the highest payrolls in the 2023 season?
In Major League Baseball (MLB) , the payroll is the total amount of money a team spends on player salaries during a season, including salaries, bonuses, and other compensation. This amount can vary depending on the team’s budget, which differs from team to team. High-revenue teams usually have larger payrolls and can acquire and retain top players, while lower-revenue teams may have smaller payrolls, which can affect their competitiveness. The payroll plays a significant role in a team’s ability to acquire and maintain talent and can impact their success in the league. MLB has a collective bargaining agreement (CBA) between the league’s owners and the players’ union (MLBPA), which governs player salaries, revenue sharing, and other financial aspects of the game. This agreement helps determine how payrolls are structured and how revenue is distributed across the league. Payroll figures for individual teams are publicly available and are often reported and analyzed by sports media, like...