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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

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Yankees set record payroll at $230M; Astros $27M

Ryan Doumit
Ryan Doumit, left, of the Minnesota Twins is welcomed at the dugout after his game-tying, two-run home run off Cleveland Indians relief pitcher Nick Hagadone in the eighth inning in a file photo from May 14, 2012, in Minneapolis. The Indians won 5-4.
AP Photo/Jim Mone

By RONALD BLUM, AP Sports Writer

NEW YORK (AP) -- The New York Yankees set a record for baseball's highest opening-day payroll at $230.4 million, almost 10 times what the Houston Astros are paying their players.

In Minnesota, the payroll for the Twins was $76 million.

After all the talk of spending restraint during the offseason, the Yankees began the season Monday well ahead of the Los Angeles Dodgers. The Dodgers are at $214.8 million and only the second franchise to break the $200 million barrier, according to a study of big league contracts by The Associated Press.

Houston was last at $27.3 million, down from about $61 million opening day last year and less than the major league-leading $29 million for the Yankees' Alex Rodriguez. Houston's payroll is the lowest since the 2008 Florida Marlins were at $22 million.

Starting their first season in the American League, the Astros have lost 213 games during the past two years.

After an unsuccessful first season in their new ballpark and an offseason spent shedding stars, the Miami Marlins dropped from about $90 million to 29th at $44.7 million.

Fourteen teams topped $100 million, up from eight at the start of last season. Philadelphia was third at $160 million, followed by Boston ($157.6 million), AL champion Detroit ($150.5 million), the Los Angeles Angels ($141.9 million) and World Series champion San Francisco ($138 million).

Toronto was another team that changed its approach during the offseason, raising its payroll from $75 million to $118 million.

The average for the 856 players on active rosters and disabled lists plus the four players serving suspensions was $3.65 million, up 6.1 percent from $3.44 million at the start of last season and the steepest rise since 2008.

Million-dollar salaries rose by 15 to 463, which comes to 54 percent of players. The number of $10 million players increased from 89 to 103, and $20 million stars jumped from 14 to 21.

Just 44 players make the $490,000 minimum. The median salary, the point at which an equal number is above and below, rose by $187,500 to a record $1,262,500.

There were 102 players on disabled lists, one fewer than on opening day last year.

In the American League Central division, where the Twins reside, its $76 million payroll was at the bottom of the heap among the Detroit Tigers at $150.4 million; the Chicago White Sox, $123.5 million; the Cleveland Indians, $82.5 million; and the Kansas City Royals, $80.9 million.

2013 baseball salaries -- Minnesota Twins

Joe Mauer: $23,000,000

Justin Morneau: $15,000,000

Josh Willingham: $7,000,000

Kevin Correia: $4,500,000

Mike Pelfrey: $4,000,000

Jamey Carroll: $3,750,000

Ryan Doumit: $3,500,000

Glen Perkins: $2,500,000

Jared Burton: $2,050,000

Brian Duensing: $1,300,000

dl-Tim Wood: $675,000

dl-Scott Diamond: $530,000

Vance Worley: $525,000

Trevor Plouffe: $520,000

Josh Roenicke: $505,000

dl-Anthony Swarzak: $502,500

Cole DeVries: $500,000

Casey Fien: $500,000

Darin Mastroianni: $500,000

Brian Dozier: $497,500

Chris Parmelee: $497,500

Eduardo Escobar: $495,000

Pedro Florimon: $495,000

Liam Hendriks: $495,000

Tyler Robertson: $495,000

Aaron Hicks: $490,000

Ryan Pressly: $490,000

Wilkin Ramirez: $490,000

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