Mlb Rookie Salary 2024. An eligible player would receive $2.5 million each for mvp or cy young, $1.75 million for second and $1.5 million for third. Per the official collective bargaining agreement between the mlb and mlbpa (major league baseball players association), the minimum payroll salary (or in more proper terms, the “minimum rate of payment to a player for each day of.

• mlb and the mlbpa will jointly develop a statistical method to allocate the funds. And this year’s rookie pitchers totaled.