The MLB owners have reportedly agreed on a financial plan to submit to the player’s union on Tuesday afternoon. The details of the deal are still coming out, but there are at least a few details that have trickled out.
USA Today is reporting that the deal does NOT include the 50-50 revenue split that was reportedly a part of the owners’ initial draft proposal. Instead, the pay scale will be based on a sliding scale system, levying larger cuts to players on higher salaries. Players on lower salaries are slated to earn close to their usual salary in the proposal.
Considering what’s at stake, this has a chance to be the most important week for baseball in more than a quarter century. MLB is expected to deliver its long-awaited financial proposal today, and the fallout from it could be the difference between baseball or no baseball in 2020. pic.twitter.com/1wnsm2w8yp
— Jeff Passan (@JeffPassan) May 26, 2020
Revenue sharing was apparently not mentioned at all in the proposal on Tuesday. It’s unclear how many games the league will shoot for, but the owners did say last week that the more games played without fans, the more money MLB loses.
There is no timeframe for the two sides to come to an agreement, but it would need to be soon to make the July 4th start date realistic. MLB would likely aim to get close to two weeks of ‘Spring Training’ games before they started up the new regular season. That would mean the two sides would likely need to figure something out by at least next week to be on schedule.