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MLB Contract

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A couple of questions:

When does it run through?

What was the big things the owners and players wanted?

What is collective bargaining? Revenue sharing?

A few more years if I recall. This was the first year of the new agreement. I think the next one will be when the major changes occur, ie a stricter luxury tax and a minimum cap.

It's an exhaustive subject. In a nut shell:

 

The contract runs through 2006. The owners wanted more money. The players wanted more money.

 

Collective bargaining is a process where the workers negotiate some working conditions, as a group, with management. It developed in 19th century England when the owners were oppressing the workers (the conditions were truly horrible) and any individual who objected was fired and blackballed. Bargaining in a collective group forced the owners to negotiate because they could not fire everyone and stay in business. Debate rages whether collective bargaining is necessary today, what with the current liberal work laws. Plus whether or not these laws would continue to exist without unions.

 

Revenue sharing is an attempt to reinstitute some financial competitiveness among major league teams. Teams have always split gate reciepts, but with the emergence of non-shared revenue sources that did not exist when the leagues were formed, such as radio, television and now local cable networks a disparity in the amount of income has occured.

 

Details on the baseball agreement can be found at

 

http://mlb.mlb.com/NASApp/mlb/mlb/news/mlb_labor.jsp

The owners wanted more money.   The players wanted more money.

Well if that's all it boils down to, why can't they just raise ticket prices?

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