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Does anyone know how minor league baseball contracts work?

I'd like to know, when someone gets drafted into the farm system of a Major League Baseball team, how it works.

How long can those contracts last? How much is the league minimum (for Single A, Double A and Triple A teams)?

And mostly... I wonder how it works, if you make it to the big leagues (i.e. MLB), is there a contract extension?

I seem to remember that when you start playing for a Major League Team, you owe them 6 or 7 years of your carreer at league minimum salary... (like Pujols, being payed for a long time by the Cardinals for less than 400,000$ a year)...

But I might be wrong...

If anyone can answer... I'd love to hear what they have to say.

Thanks

Minor league contracts last only 1 guaranteed year. First year contract are:
A- $1,100 per month
AA- $1, 500 per month
AAA- $2.100 per month.
Every player at every level is also given $20 per day on the road for meal money.
If a player remains in the same league for a second season, he is awarded a small $100-300 per month raise.

Teams control the rights of their drafted players for 6 years.
A player with less than 6 years of major league service time who is not signed to a multi-year contract is defined as a "protected player". If a player has less than 3 full years of service (One year of service time is defined as 172 days on the active 25 man roster, or the 15-60 DL) he'll earn at least the MLB minimum of $327 000 , or $54.400 if he has spent at least 1 day of service or 2 years on the 40 man roster. Alot of prospects have split contracts which will pay them different salaries in the minors and the majors.

After 3 years of service, or if a player is ruled a "super-two", the player can file for salary arbitration.

Ok, I'm not sure exactly. But here it goes.

If you get drafted into a teams farm system you sign a minor league contract. I don't know the minimum. Then there's the Rule 5 Draft.

A player not on a team's Major League 40-man roster is eligible for the Rule 5 draft if: the player was 18 or younger when he first signed a pro contract and this is the fourth Rule 5 draft since he signed, OR if he was 19 or older when he first signed a pro contract and this is the third Rule 5 draft since he signed.

Then if a players major league club wants to put him on they're 40 man roster. They purchase his contract. So now they are paying him, not his minor league team. Then I think after those 6 or 7 years you mentioned they can negotiate a new contract or something. That's all I know.

i think its 500,000 a year, just a one year deal though and they get an invatation to spring training

im not entirely sure myself...but i think they work sort of like MLB contracts, and if the MLB team wants to call up a player, they 'purchase' the contract...at least i see all the time "x team has purchased the contract of x player"

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