According to the In The News article "Mauer,Twins Agree to Eight-Year,$184 Million Extension," high salaries of professional baseball player are due to

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The high salaries of professional baseball players are due to their high marginal revenue product, which means that they generate a large amount of revenue for their team through ticket sales, merchandise, and other sources. Teams are willing to pay top dollar for players who can help them win and attract fans to the ballpark. The large supply of players of that caliber (Choice B) is also a factor, but it is not the primary reason for high salaries.

According to the in the News Article "Mauer,Twins Agree to Eight-Year,$184