Guest Blog: The Value of Your Work
At the height of his playing career in 1958, Stan Musial at the age of 38 signed a one-year $100,000 contract. It was the highest salary in the history of the National League. Recently Albert Pujols signed a 10-year $254 Million contract. It is the second biggest contract in Major League Baseball history. At the age of 38, he will earn $25.4 Million.
So what do these two contracts tell us? Is Albert Pujols two-hundred-and-fifty times more valuable than Stan Musial? Is his batting average two-hundred-and-fifty times higher than Musial’s? How about his average number of home runs or average number of hits? Did the Cardinals under Albert win two-hundred-and-fifty times more often than under Stan? Obviously not.