Happy Opening Day, Mets fans! Jeff Passan of ESPN reports is in place between the minor league players in the MLBPA and Major League Baseball on the historic first collective bargaining agreement for minor leaguers. The deal is five years long and includes at least double the current pay at all levels of the minors. The pay increases are as follows: complex league from $4,800 per year to...
Major League Baseball and the Players Association came to an agreement on Thursday for a new Collective Bargaining Agreement. Part of the new CBA will be a new penalty threshold in the luxury tax, a fourth tier that some are referring to as the “Steve Cohen Tax” meant to deter owners from blatantly outspending the competition. The threshold for penalties begins at $230 million in...
In our series on the negotiations for a new Collective Bargaining Agreement (CBA) between MLB and the MLBPA, so far we have looked two of the major issues. Those are free agency and arbitration. Another major topic keeping the sides apart is the Competitive Balance Tax (CBT), also referred to as the luxury tax. The CBT is essentially designed to act as a “soft salary cap,” meaning...
