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Friday, March 27, 2020

MLB, players agree to $170M deal on early season pay, cut down draft

Major League Baseball and the players association have reached a tentative agreement regarding several issues surrounding a potentially shortened or canceled season, sources confirm to Yahoo Sports’ Tim Brown.

ESPN’s Jeff Passan first reported the deal Thursday night.

MLB owners have agreed to advance players portions of salaries to be spread out over April and May. If there is no season, that money will be kept by the players. Each of the 30 teams will contribute just short of $95,000 per day to eligible players for 60 days or until start of 2020 season, not to exceed $170 million. The Athletic’s Ken Rosenthal adds that salaries will be pro-rated based on length of season, and players have agreed not to sue for full salaries.

As previously reported, the players would accrue a full year of service time if they are active for the shortened season. If the season is canceled, players would gain the same amount of service time they accrued in 2019, which is important because it means players like Mookie Betts or Trevor Bauer would become free agents as scheduled.

 

QLE Posted: March 27, 2020 at 12:49 AM | 31 comment(s)
  Beats: draft, free agency, labor issues, negotiations, salaries, service time, shortened season

 

 

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