Top 13 Highest Paid MLB Players of This Year

Let’s have a look at the top 13 highest salaries of MLB players of 2022. 

Have you ever wondered how baseball earns so much money? They make their significant earnings through TV rights as local stations spend millions for broadcasting rights. 

Talking about the teams, every team in MLB has witnessed a drop in payroll. Los Angeles Dodgers has the highest payroll worth $194,839,000.

They are followed by New York Yankees and New York Mets at $179,040,714 and $166,904,168, respectively. In comparison, Cleveland Indians mark the lowest payroll at $23,555,000.

MLB Player on the Field
MLB Player on the field

Moreover, there are advertisements, promotions, and collaborations, which also bring enough dollars. However, due to the 2020 pandemic, MLB has lost $1 billion on profit swing.

Baseball, being an independent sport, there is comparatively less risk in baseball. The contracts of other sports like the NFL can get without prior notice, but this never takes place in MLB. 

Top 13 Highest MLB Salaries 

Before we dive deeper into each player’s salary and information, first, let’s have a look at an overview of the list. All the information mentioned in this article has been derived from the official website of MLB.

Name of the playerSalary (in millions)
1. Mike Trout$37,166,667
2. Gerrit Cole$36,000,000
3. Jacob deGrom$36,000,000
4. Nolan Arenado$35,025,000
5. Zack Greinke$35,000,000
6. Stephen Strasburg$35,000,000
7. Max Scherzer$34,603,480
8. Justin Verlander$33,000,000
9. David Price$32,000,000
10. Manny Machado$32,000,000
11. Trevor Bauer$31,333,333
12. Clayton Kershaw$31,000,000
13. Miguel Cabrera$30,000,000

1. Mike Trout

  • Team: Los Angeles Angels
  • Position: Baseball center-fielder
  • Salary: $37,166,667

Michael Nelson Trout is an American baseball player who plays for the Los Angeles Angels. Currently, he holds the largest contract in North American history, with a 12-year contract worth $427 million approximately. 

Trout has seen a significant rise in position and salary from 2019. He was the third-highest player with the most salary at $33,250,000.

Mike Trout
Mike Trout

Mike is the highest-paid baseball player in 2022, with a salary of $37 million approximately. Even before his contract had started, he had already earned a whopping $81 million. 

Moreover, as his contract ends in 2030, he will have earned a total of $508 million. However, in 2020 due to the pandemic, Los Angeles Angels had cut his salary to $13 million from $36 million. 

Furthermore, he also earns millions from endorsements with high-end brands like Nike, BodyArmor, and Topps. 

Also, read The 13 Biggest MLB Contracts of 2022.

2. Gerrit Cole

  • Team: New York Yankees
  • Position: Baseball pitcher
  • Salary: $36,000,000

The following player on our list of the top 13 highest MLB salaries is Gerrit Alan Cole. Gerrit is an American baseball pitcher who plays for the New York Yankees. He is one of the best starting pitchers in baseball history.

In 2019, New York Yankees signed a nine-year deal with Gerrit worth $324 million. Therefore, making his average salary $36 million per year and the highest-paid baseball player at the time.

Similar to other players, Cole received $13.3 million approximately in 2020 due to the pandemic. Throughout his career, Cole has earned roughly $75 million from salaries alone.

Regardless, he still drives a 16-year-old Toyota Tacoma because he believes the car is highly reliable and works in good condition. Unlike his cars, Cole owns a $5.6 million mansion in Greenwich, Connecticut.

Who is Gerrit Cole Wife, Amy Cole Crawford? All About Her!

3. Jacob deGrom

  • Team: New York Mets
  • Position: Baseball pitcher
  • Salary: $36,000,000

The ace, Jacob deGrom, is one of the best pitchers alive. Jacob played for the New York Mets and made his MLB debut in 2014.

Jacob has made a significant leap in his career, as in 2019, he wasn’t even in the top 10 of the highest-paid baseball players. And, in 2022, he is the third-highest player with the most salary.

Jacob signed a five-year contract worth $138 million with the Mets in 2019. The Mets also have included an option for a deferral worth $52.5 million. He earned a total salary of $7 million in 2019, promoted to $36 million annually. 

The Mets look forward to signing him after his contract expires with a 2024 option worth $33 million. 

4. Nolan Arenado

  • Team: St. Louis Cardinals
  • Position: Baseball third baseman
  • Salary: $35,025,000

Nolan James Arenado is a professional third baseman who plays for the St. Louis Cardinals. Arenado made his MLB debut in 2013 with the Colorado Rockies. 

Nolan had a contract amendment when the Colorado Rockies traded him to the Cardinals. In 2019, Nolan and the Rockies agreed to an eight-year contract worth $260 million with an extension. Hence, making his salary $35 million yearly from 2021 to 2024.

Nolan Arenado
Nolan Arenado

In 2020, Nolan felt unhappy in the Rockies team and requested to get traded. He was traded with the Cardinals in 2021. 

Furthermore, $15 million will be added to Nolan’s salary in 2027 when he turns 36 years old. 

5. Zack Greinke

  • Team: Houston Astros
  • Position: Baseball pitcher
  • Salary: $35,000,000

Donald Zackary Greinke is an MLB player who plays for the Houston Astros. Zack made his MLB debut in 2004 with the Kansas City Royals. 

As of 2022, Zack has a net worth of $120 million and makes $35 million per year. In 2015, Zack signed a six-year contract worth $206 million with the Arizona Diamondbacks. 

In 2018, Grienke earned $25 million as his annual salary and $191 million in total. The following year his salary increased to $32 million, and he was traded to the Houston Astros in the same year. 

Currently, his total salary amounts to $35 million, which includes a bonus of $3 million. 

6. Stephen Strasburg

  • Team: Washington Nationals
  • Position: Baseball pitcher
  • Salary: $35,000,000

Stephen Strasburg is a San-Diego based professional baseball player who plays for the Washington Nationals as their pitcher. Strasburg made his MLB debut in 2010 with the Nationals. 

In 2009, Strasburg signed a four-year contract with the Nationals worth $15 million. Furthermore, in 2016 signed a contract extension worth $175 million with them. 

Moreover, in 2019 re-signed with the Nationals a seven-year contract worth $245 million.

7. Max Scherzer

  • Team: Los Angeles Dodgers
  • Position: Pitcher
  • Salary: $34,603,480

Moving forward to number 7 on our list of top MLB players with the highest salaries is Max Scherzer, with $34.6 million. He plays for the Los Angeles Dodgers as their pitcher. 

In 2014, Max signed a seven-year contract with the Washington Nationals worth $210 million. His salary was $15 million, which has increased to $35 million from 2019 until now. 

Max also earns through sponsorships from high-end brands like Nike and Rawlings. Through endorsements alone, he earns approximately $150,000. As of 2022, his net worth amounts to $50 million.

8. Justin Verlander

  • Team: Houston Astros
  • Position: Baseball pitcher
  • Salary: $33,000,000

Justin Brooks Verlander is a professional baseball pitcher for the Houston Astros. He made his MLB debut in 2005, playing for the Detroit Tigers. 

In 2013, Justin signed a seven-year contract with the Astros worth $180 million. Then, in 2019 he signed a two-year contract with the Astros worth $66 million.

Justin Verlander
Justin Verlander ALDS Game 1

Currently, he is paid $33 million annually and was in the 61st position of the Forbes World’s Highest-Paid Athletes of 2019.

Through endorsements and sponsorships, he makes a minimum of $1 million. Some of the brands Verlander has worked with include Breitling, Rawlings, and Supercuts.

9. David Price

  • Team: Los Angeles Dodgers
  • Position: Baseball pitcher
  • Salary: $32,000,000

David Taylor Price is in the 9th position on our list of the top 13 MLB players with the highest salaries. Taylor made his MLB debut in 2008 with the Tampa Bay Rays. 

David signed a seven-year contract with the Boston Red Sox in 2015 worth $217 million. Hence, making it the richest deal in the history of baseball pitchers.  Therefore, he earns $32 million in salary every year.

He also makes his earnings through sponsorships and endorsements from Nike, Fanatics, Rawlings, and Topps. David also has a partnership with the IMAC Regeneration and has established David Price IMAC Rehabilitation medical clinics. 

10. Manny Machado

  • Team: San Diego Padres
  • Position: Baseball third baseman
  • Salary: $32,000,000

Manny Arturo Machado is a professional baseball third baseman who plays for the San Diego Padres. Machado made his MLB debut in 2012 with the Baltimore Orioles

Manny holds the record for one of the wealthiest contracts worth $300 million, which runs for ten years and was signed in 2018. Moreover, it also includes a $20 million bonus. 

Manny Machado
Manny Machado

In 2018, with his 1st official MLB contract, he bought himself a car worth $180,000.

Also, he makes a minimum of $500,00 through endorsements and sponsorships. Some of them include Nike and Rawlings. As of 2022, Manny has a net worth of $50 million approximately.

11. Trevor Bauer

  • Team: Los Angeles Dodgers
  • Position: Baseball pitcher
  • Salary: $31,333,333

Trevor Bauer is an MLB player who made his debut with the Arizona Diamondbacks in 2012.

Trevor signed a one-year contract in 2017 worth $3.55 million with the Cleveland Indians. Then, after three years, he signed another one-year contract with the Reds worth $17.5 million. 

Every year, Trevor has seen significant growth in his earnings. The major development was witnessed in 2021 when he signed a three-year contract with the Dodgers worth $102 million with a $10 million bonus.

He made $38 million his first year and includes a $10 million bonus to be paid in the 2021 MLB season.

12. Clayton Kershaw

  • Team: Los Angeles Dodgers
  • Position: Baseball pitcher
  • Salary: $31,000,000

Clayton Edward Kershaw is another baseball pitcher on the list of top 13 MLB players with the highest salaries. Kershaw made his MLB debut in 2008 with the Los Angeles Dodgers.

Clayton signed with the Dodgers a seven-year contract worth $215 million in 2013. However, he became a free agent in 2018 but agreed to another three-year contract with the Dodgers worth $93 million the following year.

The contract included a $23 million bonus and an extra $1 million if he makes 24,26,28 and 30 each MLB season. He bagged a whopping $3 million in 2019.

Moreover, through endorsements, he makes a minimum of $750,000, and some of his sponsors include Skechers USA and Topps.

Read about Clayton Kershaw’s wife: Ellen Kershaw (Early Life, Husband, Career & Net Worth)

13. Miguel Cabrera

  • Team: Detroit Tigers
  • Position: Baseball first baseman
  • Salary: $30,000,000

Finally, we have Miguel, who is a Venezuelan MLB player who plays for the Detroit Tigers. He made his debut in 2003 with the Florida Marlins. In 2008, he signed with the Detroit Tigers and currently plays as their baseball first baseman. 

Cabrera signed with the Detroit Tigers a contract extension worth $153 million approximately in 2008, which ran for eight years. Then, in 2014, they signed another contract extension for eight years worth $248 million.

Therefore, making his salary a total of $30 million per year.

Furthermore, Miguel makes a minimum of $500,000 per year through endorsements. Some of his sponsors include Adidas, Topps, and Franklin Sports, to make a few. 

Conclusion

We have now come to the end of our list of the top 13 highest MLB salaries. In conclusion, the baseball pitchers cover most of the spots. The highest-paid MLB player in 2022 is Mike Trout, with a salary of $37,166,667.

After the pandemic, the baseball scene is gaining a soft momentum, and the players’ wages are supposed to increase with time. We will see if the top 13 players mentioned above will keep their position, or we shall see new players taking the reign.

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