We’re pleased to pass along this good news from SABR member Sean Forman, founder of Baseball-Reference.com:
We already have some salary data from 1915-1969 period thanks to SABR and Doug Pappas’s research, but we are now pleased to add the work of Dr. Michael Haupert. Dr. Haupert is a professor of economics at UW-LaCrosse and he has painstakingly gone through the Hall of Fame’s records to find player contract information for nearly 7,000 player seasons.
The next question is always, “Well, Lou Gehrig made $416,000 in his career, what is that worth in 2012 dollars?” So in addition to the added data, we have added a form control to the salary output on player and team pages that quickly converts the player or team’s salaries to the equivalent amount in a different decade using the Consumer Price Index (via the Minneapolis Federal Reserve Board). Just select a year and all salaries will be converted to the equivalent amount for that year. For example, in 2012 dollars, Lou Gehrig made $6.6m for his career, or just [a] tad more than the $6.5m Marlon Byrd made last year.
The addition of Dr. Haupert’s work adds considerably to our existing set of salary data as you can see in our chart below.
We also now have essentially full Yankee Salary data from 1915 to 1943.
Haupert is the co-chair of SABR’s Business of Baseball Committee. Learn more by clicking here.
Originally published: December 30, 2012. Last Updated: December 30, 2012.