The league's five-year-old collective bargaining agreement (CBA) is set to expire at 11:59pm EST on Wednesday, after which, MLB is expected to lock the players out until a long-term labor deal can be finalized. Major League Baseball is on the brink of its first work stoppage in nearly 30 years. For now, Opening Day is still set for March 31, but that could change in the coming months if players and owners struggle to find a way to split revenueīy Alex Raskin Sports News Editor For.Owners suggested an NBA Draft-style lottery to prevent teams from tanking.Players want teams to stop 'tanking' to save payroll and improve draft position.Owners offered to change rules to allow players to become free agents sooner.Players want to reform free agency, the arbitration process, and revenue sharing.The median MLB player salary plummeted a whopping 30 percent since 2015.
MLB revenue rose to a record $10.7 billion in 2019 before the pandemic.MLB hopes to avoid a repeat of 1994, when the union went on strike in August amid failed talks and the World Series was canceled for the first time since 1904.If they fail to finalize a new collective bargaining agreement (CBA), league owners are expected to lock out the players, which would suspend free agency.MLB players and team owners face a midnight deadline to reach a new labor deal.Countdown to lockout: MLB players and team owners face midnight deadline to finalize new labor deal and avoid the sport's first work stoppage since infamous the 1994 strike
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