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Description:
Year by year total annual payroll for Major League Baseball.
Data:
http://www.nsf.gov/about/congress/112/highlights/cu11_0523.jsp
http://www.baseball-databank.org/
The entire yearly budget for the National Science Foundation is currently set at $6.8 billion. By the year 2048, the total annual payroll for Major League Baseball will eclipse that, assuming that the NSF budget remains the same.
Questions:
- Can MLB keep up this pace?
- Are the other professional sports leagues increasing at the same rate?
- The MLB payroll appears cyclical – is it due for an uptick?
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