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TeachMeFinance.com
/ Sports Finance
/ Gustavo Molina Baseball Salary 2011
Gustavo Molina Baseball Salary 2011
In 2011, Gustavo Molina reportedly earned $455,000 playing a catcher for New York Yankees. Among the 30 players playing for the New York Yankees, he ranks as the 26th highest-paid player.The New York Yankees total team payroll in 2011 was $202,689,028. His salary represents 0.2% of that total payroll.To compare salaries further, the team's median salary was $2,100,000 and the average salary was $6,756,300. There were reportedly 69 men playing the position of catcher in 2011. The average catcher earned $2,252,781, so Gustavo Molina's salary ranks him as 42nd among these 69 players.
Don't forget about taxes. Having a salary of $455,000 we can estimate that he would have to hand over $134,534 in federal income taxes. For comparison, that is about the same amount of tax as the tax paid by 17 median high school teachers, 19 median police officers, or 27 median fire fighters. After paying the federal government, he would have $320,466 left over. However, he may still need to use some of that money to pay state or city taxes as well.
Copyright © 2011 by Mark McCracken, All Rights Reserved.
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