The sport that I am most interested in is baseball, but I do love all sports (except for hockey…which is more like a bloodbath with a puck that shuffles around on ice…I kid). Anyway, I figure that I will tackle the important aspects of the Major League Baseball Players Association (MLBPA) today and leave the rest for another time. Here are the facts that I found would be most relevant for any future Baseball Agent.
- In 2005, the average salary for an MLB player was $2,476,589.
- In 2006, the minimum salary for an MLB player will be $327,000 (as discussed in a prior thread).
- A player may become eligible for salary arbitration one of two ways:
- A player with less than 6 years in the MLB, but 3 or more years at that level
- A “Super Two”: A player with at least 2 years in the MLB, but less than 3 years at that level. He must have accumulated at least 86 days of MLB service during the past season and rank in the top 17% in total service in the class of Players who have at least two but less than three years of MLB service
- The majority of arbitration cases are settled before the actual hearing.
- A player with 6 or more years of MLB service is eligible for free agency.
- The current Collective Bargaining Agreement expires on Dec. 19, 2006 (I will make a post updating the state of baseball…don’t worry)
- A player’s agent must be certified by the MLBPA after his/her client is placed on a 40-man MLB roster
- There are over 300 certified MLBPA agents.
- The agent fee IS NOT limited by the MLBPA. An agent fee may not be created if the player is not making more than minimum salary (listed above). If the player’s salary is above minimum salary, the agent may not acquire a fee large enough to pit the player’s salary below the minimum after the fee is extracted.
I think that should be enough information for today. I plan to read the current CBA soon and tackle the important sections within the document. There are many interesting points listed above, and I hope to gain some insightful comments (now that they are working).
[tags]mlb, baseball, mlbpa, baseball agent, sports agent, cba, agent fee, free agency, arbitration[/tags]