Home Run Derby Prize Would Double These Sluggers' 2025 Salaries
Three of the eight contestants, including Cruz, are making less this year in salary than the prize purse of $1 million for the Derby winner.
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Cruz, 26 years old; Nationals outfielder James Wood, 22; and Rays infielder Junior Caminero, 22, are all making between $750,000 and $800,000 this year under MLB's collective bargaining terms for players with fewer than three years of top-level service.
'When I was like 12, I did some Home Run Derbys,' Wood recently told The Washington Post. 'The prizes were like a bat, so it's a little different now.'
Under the terms of the CBA, the derby runner-up receives $500,000 while the six other participants each go home with $150,000. The batter with the longest home run pockets an additional $100,000.
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Cruz is among bettors' favorites for the event, along with Mariners catcher Cal Raleigh. Braves first baseman Matt Olson will be swinging on home soil, joined by Twins outfielder—and Georgia native—Byron Buxton, Yankees infielder Jazz Chisholm and Athletics outfielder Brent Rooker.
Buxton has the second-biggest blast of 2025 so far, a 479-foot homer against the Rangers. Mike Trout's 484-foot roundtripper from April still leads the league. Raleigh enters Monday's competition with a league-leading 38 home runs.
The derby's $2.5 million overall prize pool was increased in 2019 as part of an agreement with the players association. While then-31-year-old Teoscar Hernandez took home the prize last season, the event has otherwise been a young man's game; the winner hasn't been older than 26 since 2015. Giancarlo Stanton (2016), Aaron Judge (2017), Bryce Harper (2018), Pete Alonso (2019, 2021), Juan Soto (2022) and Vladimir Guerrero Jr. (2023) won the previous seven editions before landing even bigger paydays for their day jobs. All six hitters will likely be represented in Sportico's list of the Top 15 Highest-Paid MLB Players once Guerrero's new deal fully kicks in.
Judge has said he'd only participate again if the All-Star Game was in New York City, while Shohei Ohtani, who has the third-most homers in the league, cited the current knockout structure in explaining his absence. 'With the current rules in place, I don't think it's feasible for me to compete well,' Ohtani said in June. The Japanese superstar previously competed in 2021, and the derby format was updated last year. Competitors are now limited to three minutes or 40 swings in the first round, with the top four moving on to a pair of two-minute or 27-swing knockout rounds.
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In 2021, Ohtani handed his $150,000 to Angels employees while Alonso has used a portion of his derby earnings to support multiple nonprofit causes.
The 2024 home run contest averaged 5.45 million viewers, up against Republican National Convention coverage. The All-Star Game averaged 7.44 million viewers. Each player on the winning All-Star Game side gets $25,000. The 2025 Home Run Derby airs on ESPN and ESPN2.
Discussing his decision to join the fray, Cruz said he's in it for more than the dollars.
'I'm really, really happy, just because that's what I do,' Cruz said on Tuesday. 'I like to hit balls far. I think I'm going to enjoy it a lot.'
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