The New York-Major League Baseball Players Association has increased its current assets by about $ 19 million to $ 178.5 million ahead of collective bargaining, which could lead to a lockout for next spring training.
According to a financial disclosure form submitted to the US Department of Labor, the union had $ 178.5 million in cash, US Treasuries and investments as of December 31st. This is an increase from $ 159.5 million at the end of 2019, $ 102.4 million at the end of 2018, and $ 80.1 million at the end of 2017.
According to filing details, the union has invested $ 22.4 million in cash, $ 94.1 million in Treasury bills, and $ 62 million in entities such as the Federal Mortgage Mortgage Corporation known as Freddie Mac. Fannie Mae, the Federal Housing Mortgage Authority. Federal Home Loan Banks; and Federal Farm Credit Banks.
Unions usually prepare for negotiations by withholding licenses for players and making them available for payment during or after suspension. Baseball experienced eight outages between 1972 and 1995, but has never stopped since then. The current employment contract expires on December 1st.
According to the disclosure form, union leader Tony Clark has earned a base salary of $ 2.25 million since 2019.
Bruce Meyer has earned $ 1,005,000 as Senior Director of Collective Bargaining and Legal, raising $ 5,000 from 2019.
– MLB Sports
MLBPA Increases Investment to $ 178 Million Prior to Collective Bargaining
https://www.espn.com/mlb/story/_/id/31427538/mlbpa-increases-investments-178m-ahead-collective-bargaining MLBPA Increases Investment to $ 178 Million Prior to Collective Bargaining