MLB commissioner Bud Selig reportedly to receive large retirement salary
It pays to be at the top of an organization. You can almost set your own salary, retirement, etc. Not saying that happened with Major League Baseball commissioner Bud Selig, but let’s just say he will not need to draw much Social Security in retirement. ESPN’s senior baseball writer Buster Olney tweeted that the 80-year-old Selig will receive a rather large pension after he steps down this January:
Bud Selig’s compensation in retirement — his MLB pension, if you will — will be about $6 million annually.
— Buster Olney (@Buster_ESPN) December 19, 2014
If you look at how he raised the revenue in baseball from $1.2B revenue industry to $9B per year, the $6M seems like chump change. Based upon this free agent season, players don’t seem to see any downward pressure on salaries. And surprisingly, most major league teams seem to be profitable (with a few outliers like Tampa Bay or Miami).
– David Whitlock
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