MLB Year by Year Total Annual Payroll

January 4, 2012
By

(This article was first published on Graph of the Week, and kindly contributed to R-bloggers)

Description:
Year by year total annual payroll for Major League Baseball.

Data: 
http://www.nsf.gov/about/congress/112/highlights/cu11_0523.jsp
http://www.baseball-databank.org/

Analysis:
The entire yearly budget for the National Science Foundation is currently set at $6.8 billion.  By the year 2048, the total annual payroll for Major League Baseball will eclipse that, assuming that the NSF budget remains the same.

Questions:
  1. Can MLB keep up this pace?
  2. Are the other professional sports leagues increasing at the same rate?
  3. The MLB payroll appears cyclical - is it due for an uptick?



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