Studies indicate that, before the late 1970s, baseball players were paid:

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Studies indicate that before the late 1970s, baseball players were paid a lot less than their marginal revenue product, as their salaries did not accurately reflect the value they added to their teams' revenue. This changed with the introduction of free agency and player bargaining power, which allowed players to negotiate for their true market value.

Studies Indicate That, Before the Late 1970s, Baseball Players Were