Minimum salary rises to $414,000

12/15/2010 - MLB

NEW YORK -- The lowest-paid players in the major leagues are getting a raise.

The minimum salary is rising by $14,000 to $414,000, the commissioner's office said Wednesday.

The minimum minor league salary for players on 40-man rosters for at least the second year or with at least one day of major league service will increase from $65,000 to $67,300.

Baseball's collective bargaining agreement called for the minimum to rise at the same rate as the percentage increase in the Consumer Price Index-Urban Wage Earners and Clerical Workers from November 2008 through November 2010.