The highest paid team was the SSG Landers. However, the Doosan Bears topped the top 40.
The Korean Baseball Organization (KBO) announced on Tuesday the total amount of the top 40 salaries for each club in 2023. The KBO introduced the salary cap system in 2023 to level the playing field and ensure the league’s continued development. The salary cap was set at 11.426 billion won ($11.263 billion), which is 120 percent of the average annual salary of each club’s top 40 players (annual salaries, option payments, and average annual signing bonus for free agents, excluding foreign players and rookies) in 2021 and 2022.
No team exceeded the salary cap in 2023.
There was a difference between the team salary ranking announced by the KBO before the start of the 2023 season and the total salary ranking of the top 40 players based on the actual salary cap.
The team salary rankings (excluding foreign players and rookies) were SSG Landers at No. 1 with 9.48 billion won, Samsung Lions at No. 2 with 8.34 billion won, KT Wiz at No. 3 with 7.85 billion won, Doosan Bears at No. 4 with 7.21 billion won, and LG Twins at No. 5 with 7.54 billion won, Lotte Giants came in sixth with 7.102 billion won, Hanwha Eagles seventh with 7.057 billion won, NC Dinos eighth with 6.667 billion won, Kiwoom Heroes ninth with 6.452 billion won, and KIA Tigers tenth with 5.911 billion won.
However, the total amount of money paid by the top 40 teams was different, not only in terms of salary, but also in terms of actual incentive payments under options and average annual contracts for free agents. 온라인카지노 The rankings also changed significantly.
Doosan had the highest amount among the 10 clubs at 11.081 billion won. It was followed by SSG with KRW 10.846 billion, LG with KRW 10.795 billion, Lotte with KRW 10.466 billion, Samsung with KRW 10.4073 billion, and NC with KRW 10.8812 billion.
On the other hand, if a team exceeds the salary cap once, it will have to pay an amount equal to 50% of the excess as a sanction. For the second consecutive time, the team must pay a sanction of 100% of the excess amount and the following year’s first-round pick will be dropped by nine spots. A third consecutive violation will result in a 150% penalty and a nine-level drop in the first round of the following year’s draft.