Catherwood LibraryILR School

While players and owners are still miles apart on a new contract for major league baseball, after several months of deadlocked negotiations management has come out with a new contract proposal with minor concessions on several points. The main sticking points between the previous proposals from the two sides were management?s calls for fifty percent straight-pool revenue sharing, a fifty percent luxury tax and a $100 commissioner?s discretionary fund---as opposed to the Players Association?s proposal including 22.5 percent targeted revenue sharing and no luxury tax. The owners? new proposal reduces the discretionary fund to $85 million, phases in the fifty percent payroll tax from a lower initial level, and according to both sides offers hope of more substantive movement towards an agreement.