Studies indicate that, during the 1960s, baseball players were paid:

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Studies indicate that during the 1960s, baseball players were paid a lot less than their marginal revenue product. This is because at the time, baseball had a reserve clause which prevented players from bargaining for higher salaries and restricted their ability to switch teams, thereby limiting their bargaining power. This allowed team owners to pay players less than their actual worth in terms of generating revenue for the team. It was only after the reserve clause was abolished in 1975 that players were able to negotiate for higher salaries based on their marginal revenue product.

Studies Indicate That, During the 1960s, Baseball Players Were Paid