AMC 10 2008b Problem 4

A semipro baseball league has teams with 21 players each. League rules state that a player must be paid at least $15,000 and that the total of all players' salaries for each team cannot exceed$700,000. What is the maximum possible salary, in dollars, for a single player? $\mathrm{(A)}\ 270,000 \mathrm{(B)}\ 385,000 \mathrm{(C)}\ 400,000 \mathrm{(D)}\ 430,000 \mathrm{(E)}\ 700,000$