Growth Trends for Related Jobs
Salary of an MLB Executive
Major League Baseball executives are the administrative leaders of the professional baseball world. MLB executives strive to maintain the integrity of the game by instituting new rules to achieve long-term competitiveness. They are the top management of the Major League Baseball organization. These executives have strong baseball backgrounds and advanced postsecondary educations. The salaries for MLB executives are largely based on game-attendance records and profitability.
MLB executives implement strategies to keep baseball games fair. The MLB executive team comprises seven positions: the commissioner and six executive vice presidents. These executives generally specialize in different departments such as baseball development, business, baseball operations and labor relations. MLB executives oversee senior managers who are responsible for tasks like on-field operations and umpiring. MLB executives also tackle tasks such as pay disputes, player suspensions, product licensing and sponsorship.
Low Salary Range Factors
The salary range for MLB executives can vary significantly. Among the primary influencing factors are track record, team size and location. A lower-end salary for an MLB executive with a somewhat profitable sports team and strong experience can be $1 million a year, according to the “Sports Business Journal.” MLB executives can have postsecondary degrees like juris doctorates or MBAs.
High Salary Range Factors
The pay at the higher end of the salary range for MLB executives can be much higher than $1 million yearly. Factors that determine the greatest salaries consist of organization size, team rankings and game attendance records. For example, a MLB commissioner, with a successful track record and significant field experience, can earn more than $18 million, according to “Sports Business Journal.” Some MLB executives earn more than most MLB players.
Job and Salary Forecast
The market outlook for MLB executives is good. However, competition for these positions is fierce. Employment is expected to grow 23 percent between 2008 and 2018, according to the Bureau of Labor Statistics. MLB executives can enhance the demand for their services by gaining relevant experience and working with winning baseball teams. As baseball’s popularity continues to be strong, the demand for MLB executives will continue to grow as well.
- Sports Business Journal; Selig’s Pay Climbs Past $18 Million; Eric Fisher; February 2009
- ESPN LA; Kim Ng Leaves Dodgers for MLB Post; Tony Jackson; March 2011
- Cot’s Baseball Contracts: Major League Baseball
- Sports Business Journal; MLBPA’s Weiner Continues Practice of Taking $1M Salary; Liz Mullen, et al.; April 2010
- Bureau of Labor Statistics: Occupational Employment and Wages, May 2010
- Baseball Almanac: Commissioner Bud Selig Biography
Marty Aquino is a venture capitalist who has helped start-up companies raise millions of dollars. He has been a passionate writer on green energy, technology and entrepreneurial topics since 2009. Aquino specializes in helping start-ups create the necessary look and feel to secure large funding. He holds a Bachelor of Business Administration from the University of Puget Sound.