Breaking

MLB players offer 114-game season, no more $ cuts - Fox News
Jun 01, 2020 1 min, 4 secs

Major League Baseball players ignored claims by clubs that they need to take additional pay cuts, instead proposing they receive a far higher percentage of salaries and a commit to a longer schedule as part of a counteroffer to start the coronavirus-delayed season.

While management proposed an expanded postseason for 2020 only, the union offered it for this year and next.

A player would receive about 70% of his salary, or 114/162nds, under the union plan.

The union and MLB agreed March 26 that players would receive prorated shares of salaries, part of the deal in which if the season is scrapped each player was guaranteed service time for 2020 matching what the player earned in 2019.

The union also was guaranteed $170 million in salary advances.

MLB told the union that players would get 89% of revenue in an 82-game schedule with prorated salaries and clubs would combine to lose $640,000 for each additional game.

All players would have the right to opt out of the season under the union plan.

If the postseason is not held because of a second wave, the union plan calls for $100 million in salary to be deferred with interest, payable in November 2021 and November 2022.

Only players whose original 2020 salaries were $10 million or more would be subject to having money deferred.

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED