Major League Baseball's average salary rose 7.1% last year to a record $4,525,719, according to the annual report the players' association issued Thursday, but several teams appear to be cutting payroll for 2024. Union figures are based on the 2023 salaries, earned bonuses and prorated shares of signing bonuses for 1,038 players on Aug. 31 active rosters and injured lists, before active rosters expanded for the remainder of the season. Luxury tax payrolls, based on 40-man rosters and average annual values, increased 12.2% in 2023, according to MLB's calculations.
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