The Sporting News deftly observes today that Bud Selig, based on 2007 tax filings, pulled in $18.4M, which put him between Derek Jeter and Manny Ramirez on the salary totem pole in 2007.
In fact, if the league office was an actual major league franchise, the money pulled in by the league office alone – mostly via fees and charges levied upon the franchises – would clearly and reasonably warrant a playoff run [chart as of 2007]:

Rank [2007]
TEAM
PAYROLL ($M)
REVENUE ($M)
PAYROLL AS A
VALUE* ($M)

% OF REVENUE

1
Yankees
$195
$327
60%
$1,306

2
Red Sox
$144
$263
55%
$816

3
Mets
$118
$235
50%
$824

4
White Sox
$110
$193
57%
$443

5
Dodgers
$109
$224
49%
$694

6
Angels
$109
$200
55%
$500… (more…)