Baseball payrolls drop by $47 million (AP)

[ASFN Admin]

The recession has hit baseball salaries. Teams cut payrolls for their active rosters and disabled lists by $47 million from opening day in 2008 to the first day of this season, according to an analysis by The Associated Press. That comes out to a drop of 1.7 percent. "Clubs were cautious all winter with regards to the economy and were concerned the economy might have an impact on club revenue," said...

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