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What Is Baseball Icon Pedro Martínez's Net Worth?

Pedro Martínez earned a peak single-season salary of $17 million in 2004 with the Boston Red Sox.
Cover Image Source: Pedro Martinez holds up his jersey | Photo by Drew Hallowell | Getty Images
Cover Image Source: Pedro Martinez holds up his jersey | Photo by Drew Hallowell | Getty Images
Name Pedro Martínez
Net Worth $70 Million
Sources of income Sports, Endorsements, Business
Gender Male
Date of Birth October 25, 1971
Age 52 Years 
Nationality American, Dominican
Profession Baseball player, Author

Pedro Martínez, the legendary Dominican-American professional baseball pitcher, boasts a net worth of $70 million. Renowned for his illustrious career in Major League Baseball (MLB), Martínez's journey from humble beginnings to becoming one of the greatest pitchers in the history of the sport is a testament to his skill and dedication.

Starting pitcher Pedro Martinez #45 of the Philadelphia Phillies | Al Bello | Getty Images
Starting pitcher Pedro Martinez #45 of the Philadelphia Phillies | Photo by Al Bello | Getty Images

Martínez's primary sources of income include his lucrative MLB salaries and numerous endorsement deals. His exceptional pitching skills and contributions to successful teams throughout his career significantly contributed to his financial success.

r Pedro Martinez #45 of the New York Mets throws a pitch against the San Diego Padres | Stephen Dunn | Getty Images
Pedro Martinez #45 of the New York Mets | Photo by Stephen Dunn | Getty Images

Pedro Martínez's career

Martínez's journey through Major League Baseball was not only marked by stellar performances on the mound but also by strategic deals and contracts that reflected his undeniable value. In 1997, the Boston Red Sox inked a monumental $75 million, six-year contract with Martínez after acquiring him in a trade from the Montreal Expos. This deal not only showcased the team's confidence in his abilities but also set the stage for a remarkable era in Red Sox history. As a free agent in 2005, Martínez secured a lucrative $53 million, four-year contract with the New York Mets. His subsequent contracts with the Philadelphia Phillies and his one-year, $1 million deal in 2009 was a game changer.

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A post shared by Pedro Martinez (@45pedromartinez)


Pedro Martínez's earnings and endorsements

During his playing career, Martínez earned a staggering $146 million in MLB salaries alone. His highest single-season salary reached $17 million in the 2004 season while playing for the Boston Red Sox. Renowned brands like Nike, Reebok, and Pepsi recognized the marketability of the baseball luminary and eagerly signed him up to promote their products.

Martínez entered the culinary world with "Pedro's Grill," a restaurant, in his hometown of Santo Domingo. This establishment has not only become a local favorite but also garnered attention from tourists. After retiring, he joined the Boston Red Sox as a special assistant to the general manager and went on to become a studio analyst for the MLB Network in 2015.

In August 2019, the former athlete purchased a waterfront mansion in Miami for $3 million. He later sold this property in 2023 for a profit of $5.3 million.


Instagram 519K Followers
Twitter 256.2K Followers

Martínez married former sports sideline reporter, Carolina Cruz. The couple has four children. Together, they run the charitable organization Pedro Martínez and Brothers Foundation, showcasing a commitment to giving back to the community.

 Former pitcher Pedro Martinez of the Boston Red Sox throws during a team workout on February 20, 2020 at jetBlue Park at Fenway South in Fort Myers, Florida. (Photo by Billie Weiss/Boston Red Sox/Getty Images)
Former pitcher Pedro Martinez of the Boston Red Sox. Photo by Billie Weiss | Getty Images

Throughout his illustrious career, Martínez garnered numerous accolades, showcasing his exceptional skill on the baseball field. He won three Cy Young Awards and earned eight All-Star selections. His achievements include leading the league in various pitching categories and contributing significantly to the success of the teams he played for.

What is Pedro Martínez's current net worth?

As of 2023, Pedro Martínez's net worth is estimated to be $70 million.

How many Cy Young Awards did Pedro Martínez win?

Pedro Martínez won three Cy Young Awards during his career.

What is Pedro Martínez's highest single-season salary?

Pedro Martínez's highest single-season salary was $17 million, earned in the 2004 season while playing for the Boston Red Sox.

What is Pedro Martinez doing now?

As of 2023, Pedro is actively involved in broadcasting and works as a studio analyst for MLB Network and a color commentator for TBS.