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Hitting the Revenue Home Run: Top 20 highest paid MLB players in 2023-24

Kate Sukhanova Senior Statistics Contributor Author expertise
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The next article in our series of highest-paid athletes is this guide to the top 20 highest-paid Major League Baseball (MLB) players. The huge popularity of baseball in the US and around the world, combined with the popularity of athletes as individuals and brands, are primary drivers of their high earnings.

From million-dollar salaries to five-figure endorsement contracts, the highest-paid MLB players certainly enjoy the lucrative benefits of the league.

These figures are a testament to their immense marketability and impact on the MLB franchise in general. And in this guide, we’ll try to compare and assess the earnings of the best of the best. So, join us on the journey of uncovering the finances and net worth of these outstanding athletes and individuals.

Top 20 Highest Paid MLB Players in 2023-24

These twenty impressive athletes and public figures have had very different careers. Some of them have been playing for the same team their entire MLB career, whereas others have experienced several transfers. Let’s find out more about them.

20-16

20. Carlos Rodon

Earnings, 2023: $27.8 million

In the twentieth spot, we have the New York Yankees pitcher Carlos Rodon. The 31-year-old Miami native joined the Yankees in December 2022, having signed a $162 million contract. He previously played for the San Francisco Giants for one season and the Chicago White Sox for 6 seasons. He also played for the US in several international competitions.

Rodon’s earnings in 2023 amounted to $27.8 million. His current net worth is estimated to be $10 million.

19. Kris Bryant

Earnings, 2023: $28 million

Number nineteen on this list is the 32-year-old third baseman and outfielder Kris Bryant. The Colorado Rockies player joined the team in 2022 for seven years in a contract worth $182 million. Previously, KB played for the San Francisco Giants for 1 season and the Chicago Cubs for six years (2015-2021).

In 2023, Kris Bryant reportedly earned $28 million. His approximate net worth is believed to be $20 million, thanks to his Rockies earnings and endorsement deals with GoPro and Adidas, to name a few.

18. Jose Altuve

Houston Astros all-time runs batted in
Statista

Earnings, 2023: $29.2 million

The shortest MLB player and the first Houston Astros athlete on this list takes the eighteenth spot. 33-year-old Venezuelan Jose Altuve is 5’6’’ and has been playing for the Houston Astros for his entire MLB career since 2011. The Astros second baseman also represents his home country of Venezuela in international competitions.

Altuve made $29.2 million in 2023, according to USA Today. His reported net worth in 2024 is $60 million. In addition to his Astros salary, he makes money from endorsement deals with brands like New Balance and Chevrolet.

17. Alex Bregman

Earnings, 2023: $30.5 million

Another Houston Astros star on our list is the third baseman Alex Bregman. The 29-year-old Albuquerque native has been with the team since 2016, having received a signing bonus of $5.9 million upon joining the Houston-based team.

Bregman reportedly made $30.5 million in 2023, including his salary and endorsements from brands like Adidas and eBay. His net worth is believed to be $50 million as of 2024.

16. Juan Soto

Earnings, 2023: $31 million

In the sixteenth spot, we have another New York Yankees man – the 25-year-old Juan Soto. The Dominican outfielder joined the Yankees in December 2023 for a one-year contract after one year with the San Diego Padres.

Soto is believed to have earned $31 million in 2023. He gets endorsement revenues from Under Armour, Quickbooks, and a number of other brands. His net worth is estimated to be $10 million.

15-11

15. Blake Snell

Earnings, 2023: $32 million

As of last week, Blake Snell is a member of the San Francisco Giants, who he joined after signing a $62 million two-year contract. The move follows Snell’s three-year career with the San Diego Padres, where the 31-year-old Seattle native played as a pitcher.

In 2023, Snell made $32 million, including his salary and endorsements. Sportskeeda estimates his net worth to be $40-50 million.

14. Giancarlo Stanton

Miami Marlins all-time RBI
Statista

Earnings, 2023: $32.6 million

In fourteenth place, we have the third Yankees man on our list – outfielder Giancarlo Stanton. The 34-year-old joined the New York Yankees in 2018 after eight years with the Miami Marlins. He also represented the US on an international level.

Stanton’s reported earnings for 2023 amounted to $32.6 million. That included $36 million in salary and $600,000 in endorsements from brands like Nike and T-Mobile, among others. Stanton’s reported net worth is $40 million.

13. Miguel Cabrera

MLB players with the highest career earnings
Statista

Earnings, 2023: $32.8 million (retired)

Although he retired in 2023, Detroit Tigers’ Miguel Cabrera still made a fair amount of money last year in his farewell season. The 40-year-old first and second baseman, designated hitter, and outfielder first joined the Tigers in 2008 after five years with the Florida Marlins.

In 2023, Cabrera made $32.8 million, including $32 million in salary and $750,000 in endorsement deals. His reported net worth is currently around $145 million.

12. Bryce Harper

Earnings, 2023: $33.2 million

The twelfth MLB player in our ranking is the 31-year-old 1B, DH, and outfielder Bryce Harper. He’s been playing for the Philadelphia Phillies since 2019, which he joined in a contract worth $45 million, after seven seasons with the Washington Nationals.

Harper made $33.2 million in 2023, according to Sportico. His salary amounted to $26.2 million, and his endorsement deals were $7 million. He has deals with brands like Under Armour and ESPN Media. Harper’s reported net worth in 2024 is $100 million.

11. Stephen Strasburg

Earnings, 2023: $33.6 million

The first and only Washington Nationals player on our list is the 35-year-old pitcher Stephen Strasburg. He’s been playing for the Nationals since 2010 and was also on the US national team before that.

Strasburg is reported to be retiring in the near future. In 2023, he made $33.6 million in 2023. Most of this money was salary, with only $50,000 in endorsements. His net worth is estimated to be $100 million.

10-6

These ten athletes really knock it out of the park. Let’s find out more about them.

10. Nolan Arenado

Colorado Rockies all-time RBI
Statista

Earnings, 2023: $35 million

Opening our top ten is the 32-year-old St Louis Cardinals 3B Nolan Arenado. Having joined the Cardinals in 2021 in a six-player deal in a contract worth $51 million, Arenado has been with them ever since. He previously played for Kris Bryant’s team, the Colorado Rockies, for seven seasons and was also on the US national baseball team.

Arenado made $35 million in 2023, including his salary and endorsements from Nike and Rawlings. His approximate net worth in 2024 is $50 million.

9. Carlos Correa

Earnings, 2023: $37 million

29-year-old Minnesota Twins shortstop Carlos Correa has been with the Minneapolis team since 2022, having initially signed with them for $105.3 million and re-signed in 2023 for $200 million. Before that, he had seven successful seasons with the Houston Astros and played in the national team of Puerto Rico.

Correa reportedly made $37 million in 2023, $36 million of which was salary and $1 million in endorsement revenues. He has deals with Adidas and H-E-B, among others. Correa’s reported net worth is $50 million.

8. Corey Seager

Winners of the MLB World Series MVP
Statista

Earnings, 2023: $37.5 million

Another shortstop on our list is the 29-year-old Texas Rangers player Corey Seager, who is eighth in our ranking. He joined the Rangers in 2022 in a 10-year deal worth $325 million after seven seasons with the LA Dodgers.

The year 2023 brought Seager $37.5 million in earnings, which can be broken down as follows:

  • $35.5 million in salary
  • $2 million in endorsements from Adidas, BMW, and T-Mobile, among others.

Seager’s reported net worth is approximately $50 million.

7. Gerrit Cole

Earnings, 2023: $37.5 million

The fourth Yankees man on our list is pitcher Gerrit Cole. The 33-year-old joined the New York team in December 2019, having signed a nine-year contract worth $324 million. Prior to joining the Yankees, Cole had two seasons with the Houston Astros.

Unlike many MLB players on the list, Cole only has one endorsement contract from Rawlings. He made $1.5 million from that contract in 2023 and $36 million in salary, totaling $37.5 million. His net worth is believed to be $50 million.

6. Anthony Rendon

Earnings, 2023: $38.3 million

The Los Angeles Angels’ Anthony Rendon has the sixth spot. The 33-year-old 3B has been with the California team since December 2019, when he signed a huge $245 million contract. Prior to that, Rendon played for the Washington Nationals for seven seasons.

A lion’s share of Rendon’s income in 2023 ($38.3 million) comes from his salary. His reported net worth is $40 million.

5-1

Top five MLB Players Salaries and Endorsements in 2023
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5. Mike Trout

Los Angeles all-time runs scored leaders
Statista

Earnings, 2023: $40.5 million

The highest-paid Los Angeles Angels player of 2023 is number five on our list. 32-year-old center fielder Mike Trout is considered one of the best players of his generation. He joined the Angels in 2011 and renewed his contract in 2019 for $426 million. Trout was also the captain of the US National Team in the 2023 WBC.

Trout made $40.5 million in 2023, made up of $35.5 million in salary and $5 million in endorsements. He has deals with Nike, Land Rover and Subway, as well as some others. Trout’s estimated net worth in 2024 is $140 million.

4. Aaron Judge

New York Yankees all-time home run leaders
Statista

Earnings, 2023: $44 million

In fourth place, we have the New York Yankees outfielder Aaron Judge. The 31-year-old Californian giant joined the MLB in 2016, with the Yankees being his first and only team to date.

In 2023, Judge made $44 million, including a salary of $40 million, and endorsement deals with brands like Nike, Oakley, and Hulu, to name a few. Judge’s 2024 reported net worth is $55 million.

3. Justin Verlander

Detroit Tigers all-time wins leaders
Statista

Earnings, 2023: $44.5 million

The oldest MLB player on our list is the 41-year-old Houston Astros pitcher Justin Verlander. The pitcher first joined the Texas team in 2017 but left in 2022 for the New York Mets ($86.7 million contract). He then returned to the Astros in 2023. Verlander also previously represented the US on an international level.

Verlander made $44.5 million in 2023, the lion’s share of which is reported to have come from his salary of $43.5 million. The rest came from his endorsement deals with Under Armour, Rawlings, and other brands. Verlander’s net worth is believed to be $150 million.

2. Max Scherzer

Highest MBL Salaries in 2023
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Earnings, 2023: $60.8 million

If these rankings included salary only, Max Scherzer would be at the very top, with his $58.8 million 2023 Texas Rangers salary. However, we also consider endorsements as earnings, which is why the 39-year-old pitcher is in second place.

Although he does have endorsement deals with Nike and Rawlings, Scherzer only made $2 million in endorsement revenues last year. His current net worth is believed to be $120 million.

Scherzer started out in the MLB with the Arizona Diamondbacks in 2008 and then went on to play for the Detroit Tigers (2010-2014), Washington Nationals (2015-2021), LA Dodgers (2021), New York Mets (2022), and finally, Texas Rangers. He joined the Rangers in 2023.

1. Shohei Ohtani

Most popular athletes among people in Japan
Statista

Earnings, 2023: $70 million

The very top of this ranking is occupied by none other than the Japanese baseball legend Shohei Ohtani. Widely considered the greatest player of all time since Babe Ruth, Ohtani is certainly making a name for himself, both in Japan and the US.

The 29-year-old pitcher and DH started his baseball career in 2013, playing for the Japanese Nippon Professional Baseball league team, the Hokkaido Nippon-Ham Fighters.

In 2017, Ohtani joined the Los Angeles Angels, where he stayed until the end of 2023. In December last year, Ohtani signed a contract to join the LA Dodgers. The $700 million 10-year deal is the largest deal in professional sport in history.

Although Ohtani only received a $30 million salary with the Angels, his endorsement revenues in 2023 far surpassed that amount at $40 million. That had brought his total 2023 earnings up to $70 million and made him the sixteenth-highest-paid athlete in 2023.

He has endorsement deals with Oakley, Seiko, and Hugo Boss, to name just a few brands from his portfolio. Ohtani’s net worth in 2024 is believed to be $50 million.

Indeed, Ohtani’s earnings are very impressive. However, we don’t know how these figures will stack up in 2024. Ohtani’s fellow countryman and new teammate Yoshinobu Yamamoto, who’s making his MLB debut in 2024, is expected to make $60 million, including his signing bonus of $50 million.

Which MLB Team Pays the Most?

Opening dat payrolls of MLB teams in 2023
Statista

As of 2023, the best-paying MLB team is the New York Mets. Although none of the players on our list are playing for the Mets, their record-breaking opening day payroll was $353.55 million in 2023.

The Mets are followed by their fellow New York team – the Yankees, which includes five players on our list. Their opening day payroll amounted to $277 million. The San Diego Padres, which is the former home of Juan Soto and Blake Snell, had $249 million.

Who Is the Highest-Paid MLB Player of All Time?

Although Mr. Ohtani is the highest-paid MLB player in 2023, the honor of being the highest-paid MLB player of all time belongs to a Yankees man.

Shortstop Alex Rodriguez retired in 2016 after 22 successful years in the league. According to Sportico, Rodriguez is the twentieth-highest-paying athlete and the highest-paid baseball player of all time. As of 2023, his inflation-adjusted earnings amounted to $775 million ($530 million non-adjusted).

Rodriguez is closely followed by another Yankees man Derek Jeter, who retired from the MLB in 2014. Jeter’s inflation-adjusted earnings amounted to $670 million as of 2023.

Final Thoughts

Baseball is undoubtedly a favorite pastime among many Americans, as well as people outside the US. Many players listed in our guide are more than athletes – they’re entrepreneurs, philanthropists, and pillars of their community. Not to mention, they’re excellent role models for young men today.

We hope that you enjoyed our dive into the earnings of the creme de la creme of MLB, and we look forward to seeing these players set even more records – both on and off the pitch.

Sources

Click to expand and view sources
  1. 100 Highest-Paid Athletes in the World (Sportico)
  2. 50 Highest-Paid Athletes of All-Time (Sportico)
  3. MLB HIGHEST-PAID PLAYERS 2023: OHTANI SCORES RECORD $70 MILLION (Sportico)
  4. MLB’S HIGHEST-PAID PLAYERS 2024: OHTANI ON TOP DESPITE $2M SALARY (Sportico)
  5. Who is the highest-paid MLB player in 2024? These are the top 25 baseball salaries (USA Today)
  6. MLB payrolls 2023: Full list of every baseball team from highest to lowest (USA Today)
  7. Houston Astros all-time RBI (runs batted in) leaders as of January 2024 (Statista)
  8. Biggest Major League Baseball (MLB) contracts of all time as of February 2022 (Statista)
  9. Miami Marlins all-time RBI (runs batted in) leaders as of January 2024 (Statista)
  10. MLB players with the highest cumulative career earnings in North America as of January 2023 (Statista)
  11. Highest paid Major League Baseball players by earnings from salary and endorsements in 2023 (Statista)
  12. Opening day payrolls of Major League Baseball teams in 2023 (Statista)
  13. Colorado Rockies all-time RBI (runs batted in) leaders as of January 2024 (Statista)
  14. Winners of the Major League Baseball’s World Series MVP from 1955 to 2023 (Statista)
  15. Los Angeles Angels all-time runs scored leaders as of January 2024 (Statista)
  16. New York Yankees all-time home run leaders as of November 2023 (Statista)
  17. Detroit Tigers all-time wins leaders as of January 2024 (Statista)
  18. Highest player salaries in Major League Baseball in 2023 (Statista)
  19. Most popular athletes among people in Japan as of September 2023 (Statista)
  20. Nolan Arenado Contract Breakdown (Sportskeeda)
  21. What is Alex Bregman’s Net Worth as of 2023? (Sportskeeda)
  22. Kris Bryant’s Net Worth (Sportskeeda)
  23. Jose Altuve Net Worth (Sportskeeda)
  24. How Much Is Carlos Rodon’s Net Worth in 2023? (Sportskeeda)
  25. What is Alex Bregman’s Net Worth in 2023? (Sportskeeda)
  26. What is Juan Soto’s Net Worth as of 2023? (Sportskeeda)
  27. How much is Blake Snell’s net worth? Career earnings of coveted free-agent explored (Sportskeeda)
  28. What is Giancarlo Stanton’s Net Worth as of 2023? (Sportskeeda)
  29. What is Bryce Harper’s Net Worth as of 2024? (Sportskeeda)
  30. How Much Is Nolan Arenado’s Net Worth in 2023? (Sportskeeda)
  31. What is Carlos Correa’s Net Worth as of 2023? (Sportskeeda)
  32. Corey Seager’s Net Worth (Sportskeeda)
  33. Gerrit Cole’s Net Worth (Sportskeeda)
  34. What is Mike Trout’s Net Worth as of 2024? (Sportskeeda)
  35. Is Aaron Judge signed with Jordan Brand? Yankees star’s various endorsements deals (Sportskeeda)
  36. Aaron Judge’s Net Worth (Sportskeeda)
  37. What is Justin Verlander’s Net Worth as of 2023? (Sportskeeda)
  38. What is Max Scherzer’s Net Worth as of 2023? (Sportskeeda)
  39. What is Shohei Ohtani’s Net Worth as of 2024? (Sportskeeda)
  40. Rockies sign Kris Bryant to 7-year deal (MLB)
  41. Rodón, Yankees finalize six-year deal (MLB)
  42. Giants finalize 2-year, $62M deal with Blake Snell (MLB)
  43. Harper, Phils agree to 13-year deal (MLB)
  44. Cards acquire star 3B Arenado from Rockies (MLB)
  45. Twins land Carlos Correa with 3-year deal (MLB)
  46. Rangers officially sign Seager to 10-year deal (MLB)
  47. Cole joins Yankees on 9-year deal (MLB)
  48. Angels unveil newest superstar Rendon (MLB)
  49. Trout, Halos make record $400M+ deal official (MLB)
  50. Mets make 2-year pact with Verlander official (MLB)
  51. Angels officially welcome 2-way star Ohtani (MLB)
  52. $700M stunner: Ohtani to Dodgers on biggest deal in sports history (MLB)
  53. Break ends for Alex Bregman after signing with Astros (The Advocate)
  54. Juan Soto (Essentially Sports)
  55. Juan Soto, Yankees agree to record $31 million salary for ’24 (ESPN)
  56. Carlos Correa passes physical, signs with Minnesota Twins (ESPN)
  57. Miguel Cabrera Net Worth (Celebrity Net Worth)
  58. Stephen Strasburg Net Worth (Celebrity Net Worth)
  59. Anthony Rendon Net Worth (Celebrity Net Worth)
  60. Longtime Washington Nationals Ace Will Likely Appear at Spring Training, But Won’t Play (SI)
  61. Mike Trout is the game’s best young player since Ted Williams (SI)
  62. Angels News: Is Shohei Ohtani Having the Greatest Single Season Ever? (SI)

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Kate Sukhanova Senior Statistics Contributor

Kate Sukhanova Senior Statistics Contributor

Kate is an accomplished tech writer and SaaS (Software as a Service) founder, renowned for his expertise in the technology industry. She holds a Bachelor of Laws from the esteemed University of Exeter, where she honed his critical thinking and analytical skills.

Beyond her entrepreneurial endeavors, Kate is a true statistics geek. She revels in the world of data and derives insights that drive decision-making and business strategies. This penchant for numbers enhances her ability to craft data-driven articles, guiding readers through complex topics with clarity and reliability.

Kate's passion for knowledge and curiosity about emerging technologies drive her to learn and stay ahead of the curve continuously. She is deeply committed to sharing valuable information about innovations that have a tangible, positive impact on businesses and society.