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Wednesday, February 04, 2009
How much should Selig make?
Let’s say that the valuation of the thirty teams is around 15 billion$. This would put MLB at about the 220th largest public company, in terms of market cap. Last year, the 220th highest paid CEO made almost 8 million $.
I would think that if Selig were to retire, that the next commissioner of baseball will make around that much. Selig however makes 18 million$. That would put him as the #100 highest paid CEO. And something tells me that if we look at the actual compensation for those executives in 2009, Selig will move up the ladder pretty fast.
As I said last year, Selig is way overpaid, and in no way should his career earnings (now at 130 million$ and counting) dwarf those of almost all MLB players.