The rest went to expenses, including salaries totaling more than $450,000.
Wallach's salary for the next three years will total $8,344,000, or an average of $2,781,333 a season.
The 2006 salaries of major leaguers on those teams total $471 million.
His salary and bonus from 1998 to last year totaled $22.5 million.
They have salaries totaling $21,062,152, and an average salary of $752,220.
But that includes a salary and bonus totaling $2.75 million this year.
The layoffs, he said, would be mainly among 1,200 civilian employees, whose salaries total about $40 million.
His salary for the last three years totals $13.6 million, or an average of about $4.5 million a year.
The union says that players with guaranteed contracts have salaries totaling nearly $800 million.
In 2004 and 2005, when he was president of the non-profit institute, his salary totaled $165,000.
