Seaver signs richest one-year deal for pitchers in MLB history
Digital Preservation Project
But in 1974, MLB players were not the highest paid among the four major team sports. NBA stars like Kareem Abdul-Jabbar and Wilt Chamberlain, for example, were already earning more than $300,000 per season.
“Salaries in other sports have skyrocketed, mostly as a result of bidding wars between rival leagues,” Seaver told the Sporting News. “They have made the baseball owners aware of the kind of money being paid in other sports. It has helped bring the baseball salaries up to a more realistic level.”