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Average salary a record $3.2 million

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Posted at 2:53 PM, Dec 08, 2012
and last updated 2012-12-08 14:53:00-05

NEW YORK (AP) — Baseball's average salary increased 3.8 percent this year to a record $3.2 million.

According to final figures released by the Major League Baseball Players Association, the rise is the steepest since 2007. The boost was helped by an increase in the minimum salary from $414,000 to $480,000.

The New York Yankees had the highest average for the 14th consecutive season at $6.88 million.

The Los Angeles Dodgers rose from 13th to second at $5.55 million and Texas from 15th to fifth at $4.89 million.

At nearly $685,000 Houston had the lowest average since the 2006 Florida Marlins.