1975: A big Christmas for major league baseball players
Until Peter Seitz came along, Major League Baseball interpreted the reserve clause to renew itself “for the period of one year” indefinitely, since even the renewed contract contained the clause.This effectively bound a player to a team until the front office decided otherwise. Once a player signed his first professional contract, he could not negotiate with another team until his original team let him go. This system gave teams little incentive to pay competitive wages, and so they didn’t.In 1930, Babe Ruth signed a two-year contract with the New York Yankees for $80,000 per season (adjusted for inflation, the contract would be worth $1.1 million today).Ruth’s salary was a record at the time and, in today’s dollars, would remain so for more than forty years.Yes, in today’s dollars, players like Ted Williams, Mickey Mantle, Hank Aaron, and Willie Mays were all paid less than Ruth in 1930.
Source: http://cantotalk.blogspot.com/2017/12/1975-big-christmas-for-major-league.html
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