After a long day of meetings between Major League Baseball and the MLB Players Association, it appears not much progress has been made toward ending the lockout.
According to The Athletic's Evan Drellich, the two sides were unable to agree to a revised competitive balance tax proposal. In addition, Drellich reports there is still a "very large gap" in the pre-arbitration bonus pool. MLB reportedly raised the pre-arbitration pool from $15 million to $20 million.
The CBT was first introduced as a luxury tax, but baseball owners have made it into an unofficial salary cap of sorts. Teams that exceed the predetermined payroll threshold are subject to the luxury tax. The further over the threshold they are, they more they are taxed.
Owners look at the CBT as a way to save money. If they stay under the luxury tax threshold, they will not be taxed. Since 2017, the CBT has increased each season, though not by much, with the threshold for the 2021 campaign being $210 million. For comparison, the threshold in 2020 was $208 million and in 2019 it was $206 million.
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Baseball has always been my favorite game and the Yanks have always been my team. However I'd love to see the season not only get delayed but cancelled in it's entirety. Ef em',Ef em' all,. Both the owners and players suck
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