Major League Baseball owners approved a proposal Monday requiring teams to share 50% of their revenue with the Major League Baseball Players Association should plans to …
Major League Baseball owners approved a proposal Monday requiring teams to share 50% of their revenue with the Major League Baseball Players Association should plans to play this year proceed, three people with direct knowledge of the proposal told USA TODAY Sports.
The people, who spoke on the condition of anonymity because they were unauthorized to discuss details, said the historic revenue-sharing plan is integral in order to address revenue losses with an 82-game season being played without fans beginning in July. MLB officials say that teams are expected to lose about 40% of their gross revenue from ticket sales, concessions and parking.
The proposal is expected to be rejected by the players, who are fearful owners would then push to implement a salary cap during negotiations on a new collective bargaining agreement to replace the one that expires Dec.1,2021. The players’ compensation has never been tied to club revenues.
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This is the first time MLB clubs would be willing to share revenue with players during the regular season, although it exists in the three other major team sports.
