Agent Scott Boras recommends his clients refuse Major League Baseball's attempt to cut salaries during negotiations with the players' association, claiming team financial issues caused by the coronavirus pandemic have their origin in management debt financing.
Hundreds of minor league baseball players were cut Thursday and hundreds more are expected to lose their jobs as the sport grapples with the near certainty that the minor league season will be canceled, sources told ESPN.
Price was scheduled to make $32 million in 2020 before the coronavirus outbreak suspended the major league season. Owners insist they stand to lose even more money if games can not be attended, and thus are asking players to accept a further reduction in their salaries.
"The proposal involves massive additional pay cuts and the union is extremely disappointed", the MLB Players Association said in a statement. These attendance-driven leagues might not play again at all in 2020, putting some teams in danger of surviving at all and potentially changing the landscape of minor league sports in the future.
To conclude the show on a lighter note, Spiegel and Moreno each shared three players or moments in Dodgers history they would select for a docuseries akin to ESPN's "The Last Dance" that highlighted Michael Jordan and the Chicago Bulls completing a second three-peat.
"This type of financing is allowed and encouraged by Major League Baseball because it has resulted in significant franchise valuations", Boras wrote.
"After discussing the latest developments with the rest of the players, there's no reason to engage with Major League Baseball in any further compensation reductions", said Scherzer, a member of the MLBPA's executive sub-committee. Specifically, the players have complained further pay cuts will be particularly unfair to highly-paid players. "They want a bailout".
Players not only rejected the owners' proposal, but went in the opposite direction.
Commissioner Rob Manfred has said 40% of MLB's revenue is related to the gate. The Dodgers organization has developed one of the best farm systems in baseball, and possibly trimming from that crop of young talent could be felt a handful of years down the line.
In addition, the agent noted that player and league web pages have not been updated with the roster moves. I think there are some owners who don't.
The league minimum salary in the MLB stands at $563,500 this year, which works out to $285,228 on a prorated basis over 82 games.
Cincinnati pitcher Trevor Bauer addressed Boras on Wednesday on Twitter.