The big stars lived very well, probably the equivalent of bank presidents at the time, and could enjoy the off-seasons if they wanted. There was also side money from exhibitions, endorsements and promotions, etc. Little or no income taxes helped, too. Average players had jobs in the off-season and had to get another gig when their careers ended, many parlaying their renown as major leaguers into owning bars, restaurants, bowling alleys, etc., or selling cars, insurance, and the like. Lifestyles for both was roughly equivalent to current players into the 1980s, when free agency accelerated. The minimum salary in 1975 was $16,000, and the average $44,000. Old-timers must look on with amazement at utility players and set-up pitchers who these days can retire after a 9-year career with a $50 million-dollar portfolio.
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