Diamond Dollars: Selig's Compensation Up 22% To $18.35M For FY '07
 |
Selig's Compensation Makes Up
Largest Piece Of Employee Outlay |
MLB Commissioner Bud Selig earned $18.35M for the league's fiscal year ended October 31, 2007, up 22% from the year-ago period, according to tax documents cited by Eric Fisher of SPORTSBUSINESS JOURNAL. Selig's compensation includes $17.47M in base compensation, $461,540 in contributions to employee benefit plans and $422,590 in expense accounts and other allowances. Selig's total marks the "largest chunk" of a $98.9M outlay in "total employee compensation and benefits to the 242-person MLB office." Selig's "earning power has surpassed that of other league commissioners for at least several years," and his '07 compensation also is "more than most MLB players." Fisher notes the tax filing is the "second consecutive one to list only the compensation of Selig," not those of MLB President & COO Bob DuPuy or any exec VPs. Nonprofit tax experts said that the omission of those senior staff members "contradicts IRS filing requirements" (SPORTSBUSINESS JOURNAL, 2/2 issue). ESPN’s Linda Cohn noted Selig "by far" was the highest-paid commissioner in pro sports, with NFL Commissioner Roger Goodell "a distant second” (“SportsCenter,” ESPN, 2/2).
EARNING HIS PAY: ESPN’s Mike Greenberg said, “If you’re an owner, revenues are at an all-time high. Attendance is at an all-time high. Television ratings are good. Their deals are solid. They just started a television network. He knows what he’s doing. He’s done enormous things for the owners. He’s made them very rich, and they have in turn said, ‘Here Bud, here’s $18[M]’” (“Mike and Mike in the Morning,” ESPN2, 2/3). ESPN’s Tony Kornheiser: “Nobody deserves that much, but they had a record attendance in 2007” (“PTI,” ESPN, 2/2).
|
FY
|
BASE
COMPENSATION
|
EMPLOYEE
BENEFITS
|
EXPENSES/
ALLOWANCES
|
TOTAL
|
|
'07
|
$17.470M
|
$461,540
|
$422,590
|
$18.35M
|
|
'06
|
$14.515M
|
$400,999
|
$140,603
|
$15.06M
|
|
'05
|
$14.500M
|
$82,843
|
$20,184
|
$14.60M
|
|
GROUP
|
EXEC
|
'07 TOTAL
COMPENSATION
|
|
MLB
|
Bud Selig
|
$18.35M
|
|
NFL
|
Roger Goodell
|
$11.2M*
|
|
NBA
|
David Stern
|
$10M^
|
|
NHL
|
Gary Bettman
|
$5.59M
|
|
PGA Tour
|
Tim Finchem
|
$4.8M
|
| * Prorated based on $6.5M earned for the first seven months on the job. |
| ^ Stern is believed to garner about $10M annually, but the precise amount is not known. |
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