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|Author:||wordygurdy [ Wed Jan 04, 2006 11:08 pm ]|
|Post subject:||Stoopid math?|
This item ran on the Times' website:
Baseball Minimum Salary Jumps to $327, 000
By THE ASSOCIATED PRESS
Filed at 6:25 p.m. ET
NEW YORK (AP) -- The minimum salary for players in the major leagues is rising $9,000 this year to $327,000.
The 3.5 percent increase is due to a cost-of-living escalator in baseball's labor contract. The minimum was $300,000 in 2003 and 2004, then rose to $316,000 last year.
The minimum minor league salary for players on 40-man rosters for at least the second year or with at least one day of major league service will increase from $52,600 to $54,500, the commissioner's office said Tuesday.
Baseball's collective bargaining agreement called for the minimum to rise at the same rate as the percentage increase in the Consumer Price Index-Urban Wage Earners and Clerical Workers from November 2004 through November 2005.
On my calculator, $316,000 plus $9,000 is $325,000.
Does the AP use a different type of calculator? Or was this corrected on later versions of the AP story?
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