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UPDATE: 3/10/22, 1:51 PM

Ken Rosenthal of The Athletic reports that the following is in the latest MLB proposal:

  • Luxury thresholds – $230 million to $244 over the five-year dal (increase of $2M in final year from last offer)
  • Pre-arb pool – $50M (increase of $10M)
  • Minimum salaries – $700K to $780K (increase of $10K in final year)

Rosenthal notes that the owners have given a 3 p.m. deadline on this offer.

UPDATE: 3/10/22, 1:32 pm

Marly Rivera of ESPN reports that the MLB owners had summitted their counter proposal to the players.

UPDATE: 3/10/22, 12:02 PM

Tom Verducci reported on MLB Network that if MLB and MLBPA agreed on a new CBA today, that free agency could kickoff on Thursday night.

UPDATE: 3/10/22, 11:24 AM

Jeff Passan of ESPN reports that Major League Baseball and the Players Association have an agreement that they will continue their discussion on the International Draft –believed to be the biggest hurdle heading into Thursday– until July 25th of this year. The draft would start in 2024.

If a deal is reached, the qualifying offer will vanish. If no deal, the QO will return and the international system will remain the same.

ORIGINAL POST: 3/10/22, 11:00 AM

Wednesday was a the second straight day of deadlines not met and all out chaos in terms of the Collective Bargaining Agreement negotiations. Major League Baseball decided to cancel more games, with the new Opening Day tentatively scheduled for April 14. The Players Union responded with a statement of their own.

The key talking point as this juncture is Major League Baseball pushing for an International Draft that the players have been a hard no on to this point. We covered potential look of such a draft here. MLB gave the players union three different options with the International Draft and the qualifying offer tied together, but the players rejected and came back with a counter-offer to the owners per Jeff Passan of ESPN: Remove qualifying offer this year. If parties can’t agree to int’ll draft by Nov. 15, QO returns and revert to previous int’l system.

As for the economic issues, the two sides are much closer now after the players made some significant changes to their proposal. Here’s a breakdown of where the numbers stand:

MLB on CBT for the next five years:

$230M, $232M, $236M, $240M, $242M

PA on CBT for the next five years:

$232M, $235M, $240M, $245M and $250M

MLB on pre-arb pool: $40M

PA on pre-arb pool: $65M

As you can see, the numbers are certainly getting close in terms of the CBT and the pre-arb pool difference is much smaller than it was a few days ago.

We will have updates throughout the day as we hope this is the last lockout thread we ever do.