MLB Minimum Salary

With the new collective bargaining agreement now in place, the 2012 minimum salary has increased 16% from the 2011. Here's a breakdown of the minimum salaries over the past few years:

Year Salary
2012 $480,000
2011 $414,000
2010 $400,000
2009 $400,000
2008 $390,000
2007 $380,000
2006 $327,500
2005 $316,000
2004 $300,000