Major League Baseball has issued a new proposal, as originally stated by ESPN, to players awaiting their return-to-play with an economic package offering a higher future salary than their previous contract but less guaranteed income over a 76-game season.
The new proposal has received a cold response from players and officials at the MLB Players Union, who are now facing the possibility of a league’s schedule of option if a contract can not be negotiated.
MLB’s plan, according to the ESPN report, contains future earnings that would cover up to 75% of players’ salaries over a 76-game season, equivalent to around $1,432 billion in gross compensation. Wages will account for the figure’s $989 m, with $443 m in money paid should playoffs continue.
The League has said it wishes to end the regular season by the end of September due to concerns raised about the possibility of a second coronavirus wave. The postseason will also be influenced by a target finish by the end of October at the latest.
MLB’s initial proposal offered a similar percentage of salary over an 82-game season but added only $200 m in potential playoff revenue to a $1.23bn deal. That was rejected by the union, which instead proposed a full pro-rate 114-game season of $2.87 billion in compensation and expanded playoffs for the next two seasons from 10 to 14 teams. The league turned down the bid.
The players and their union were reportedly given a further response until Wednesday of this week.