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ESPN’s Jeff Passan and Jesse Rogers broke news on Tuesday that Major League Baseball has proposed cutting the salaries of the highest-paid players in baseball in its’ first economic proposal to the MLB Players Association, per sources close to the situation. On top of those cuts, the MLB’s lowest-paid players would also take lesser cuts from their full prorated earnings.
Worth noting: It’s the first day of this extremely important week and this is the first proposal from the league. That said, there is disappointment from the players, and to get anything close to what they want to play, MLB is going to have to move significantly off its proposal.
— Jeff Passan (@JeffPassan) May 26, 2020
Initial reactions to the proposal were apparently not too positive from the players’ side of things. Many have voiced with their displeasure for any deal that differs from the original financial agreement that was voted on this past March.
It’s not known just how massive the cuts will be, but sources said the highest-paid players could receive somewhere around 40% of their full-season salaries.
According to USA Today, Tuesday’s proposal would call for a sliding scale that would “mirror the pay cuts in some organizations, where the highest-paid employees have taken greater pay reductions.”