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Originally Posted by Le Grande Orange
Indeed. Clubs generally found it better to release an unproductive player rather than cut his salary. About the only time where there was mass cutting of salaries was, unsurprisingly, was during the Depression (there was also a cut in the active roster size).
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There were also across-the-board salary cuts in the wake of the Players' League war and the consolidation of the NL and the AA in 1892. And there were times when the owner was in a financial crunch and cut everybody's salaries, as happened when Connie Mack cleaned house in 1915. Home Run Baker sat out the season rather than take the miserly offer that Mack was making.