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Average salary in KBO drops for 2nd straight year

Sports 13:54 March 04, 2021

By Yoo Jee-ho

SEOUL, March 4 (Yonhap) -- The average annual salary in the South Korean baseball league has fallen for the second straight year as highly-paid veterans retired and more teams opted to rebuild with inexpensive young talent.

The Korea Baseball Organization (KBO) revealed salary data for its 10 clubs for the 2021 season on Thursday. Excluding rookies and foreign players, the average salary for 532 players came to 122.7 million won (US$108,720), down from 144.4 million won from 2020. Just two seasons ago, the KBO average salary reached a record 156.5 million won.

In this file photo from Feb. 25, 2021, Choo Shin-soo of the Korea Baseball Organization club owned by Shinsegae Group poses his new club's temporary jersey after arriving at Incheon International Airport in Incheon, just west of Seoul. (Yonhap)

Rookies are all paid the minimum salary of 27 million won, while foreign players are paid in U.S. dollars.

The total payroll fell from 73.9 billion won to 65.2 billion won.

The KBO attributed the precipitous drop to departures of some of the highest-paid players. Park Yong-taik and Kim Tae-kyun, who made a combined 1.3 billion won last year, retired, while Yang Hyeon-jong, who earned 2.3 billion won, left the Kia Tigers to sign with the Texas Rangers last month.

The average age for KBO players fell from 27.3 to 27.1.

The SK Wyverns, soon to be renamed after being sold to Shinsegae Group's E-Mart, boasted the largest average salary with 174.2 million won.

This Feb. 20, 2021, file photo provided by the KT Wiz shows the club's starting pitcher So Hyeong-jun. (PHOTO NOT FOR SALE) (Yonhap)

Two major acquisitions helped in that regard: The team signed former major league All-Star Choo Shin-soo to a one-year deal at 2.7 billion won, which made him the highest-paid player in the KBO. Before that, the team signed free agent infielder Choi Joo-hwan to a four-year deal that pays him 2.6 billion won in total guaranteed salary.

The defending Korean Series champions NC Dinos ranked second in average salary at 148.9 million won.

The Hanwha Eagles, a rebuilding club coming off a last-place finish, had the smallest average salary at 79.9 million won.

The Wyverns and the KT Wiz were the only two teams whose average salary increased from last season.

Members of the Kiwoom Heroes stand outside the dugout after an intrasquad game at Gocheok Sky Dome in Seoul on March 2, 2021. (Yonhap)

Among individual players, Dinos' catcher Yang Eui-ji and Kiwoom Heroes' first baseman Park Byung-ho are tied for second, behind Choo, with 1.5 billion won salaries. Choo's teammate at third base, Choi Jeong, is next at 1.2 billion won.

Former major league closer Oh Seung-hwan, now with the Samsung Lions, is the highest-paid pitcher at 1.1 billion won.

KT right-hander So Hyeong-jun, the 2020 Rookie of the Year, enjoyed the largest annual jump in salary. After making rookie minimum 27 million won in 2020, So signed for 140 million won this year.

In this file photo from Feb. 16, 2021, members of the Lotte Giants take part in a batting practice at Sajik Stadium in Busan, 450 kilometers southeast of Seoul. (Yonhap)

jeeho@yna.co.kr
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