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 Post subject: Stoopid math?
PostPosted: Wed Jan 04, 2006 11:08 pm 
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Joined: Sat Nov 01, 2003 1:01 am
Posts: 741
Location: The Empire State
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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