Major League Baseball's average salary rose 7.1% last year to a record $4,525,719, according to the players' association's annual report.

After declining in 2021 following the pandemic-shortened season, the average rose 23% over two seasons.

Union figures are based on the 2023 salaries, earned bonuses and prorated shares of signing bonuses for 1,038 players on Aug. 31 active rosters and injured lists.