Berliner Boersenzeitung - MLB season delayed after labor talks end in stalemate

EUR -
AED 4.1039
AFN 71.518282
ALL 90.596933
AMD 402.732664
ANG 2.000029
AOA 1024.718441
ARS 1726.552642
AUD 1.624806
AWG 2.014237
AZN 1.905291
BAM 1.949726
BBD 2.25317
BDT 139.335896
BGN 1.953146
BHD 0.422281
BIF 3343.154414
BMD 1.117469
BND 1.428131
BOB 13.507795
BRL 6.138144
BSD 1.118715
BTN 105.631594
BWP 15.326114
BYN 3.337796
BYR 21902.38266
BZD 2.24987
CAD 1.57139
CDF 2586.939653
CHF 0.914743
CLF 0.027788
CLP 1093.51018
CNY 7.47419
CNH 7.452761
COP 3622.587044
CRC 507.31491
CUC 1.117469
CUP 26.847994
CVE 109.919102
CZK 24.354329
DJF 199.209359
DKK 7.475339
DOP 67.180098
DZD 152.247158
EGP 60.143721
ERN 16.762028
ETB 183.605829
FJD 2.530004
FKP 0.828775
GBP 0.833827
GEL 2.910992
GGP 0.828775
GHS 13.049228
GIP 0.828775
GMD 83.254541
GNF 9908.906907
GTQ 8.549097
GYD 234.387663
HKD 8.757819
HNL 30.067056
HRK 7.564155
HTG 146.611915
HUF 364.211482
IDR 20227.241501
ILS 3.571767
IMP 0.828775
INR 104.968454
IQD 1695.901207
IRR 2113527.40639
ISK 136.78913
JEP 0.828775
JMD 177.435608
JOD 0.792281
JPY 176.900881
KES 145.181654
KGS 97.720161
KHR 4551.818712
KMF 492.803438
KPW 1005.721609
KRW 1517.879473
KWD 0.347309
KYD 0.932283
KZT 502.996153
LAK 25177.22187
LBP 100465.766297
LKR 371.906326
LRD 190.174953
LSL 18.332084
LTL 3.299594
LVL 0.675945
LYD 7.161688
MAD 10.901937
MDL 20.000703
MGA 5072.152212
MKD 61.554642
MMK 2346.631266
MNT 4025.090542
MOP 9.039456
MRU 45.19479
MUR 52.555195
MVR 17.270463
MWK 1939.839031
MXN 20.883218
MYR 4.535845
MZN 71.4175
NAD 18.332738
NGN 1505.218973
NIO 41.17081
NOK 10.504774
NPR 169.013921
NZD 2.015438
OMR 0.429658
PAB 1.118705
PEN 3.853295
PGK 5.096077
PHP 70.413971
PKR 309.398892
PLN 4.393992
PYG 6892.526188
QAR 4.089132
RON 5.341167
RSD 117.652691
RUB 91.464807
RWF 1647.851338
SAR 4.194588
SBD 8.997541
SCR 15.361079
SDG 672.159515
SEK 11.026587
SGD 1.431863
SHP 0.833123
SLE 25.601046
SLL 23432.76069
SOS 639.302518
SRD 41.968771
STD 23129.341854
STN 24.423689
SVC 9.788373
SYP 14529.325125
SZL 18.325742
THB 37.482088
TJS 10.31981
TMT 3.922314
TND 3.33341
TOP 2.690596
TRY 56.049651
TTD 7.576294
TWD 36.589831
TZS 2954.212401
UAH 50.816625
UGX 4524.862203
USD 1.117469
UYU 45.059415
UZS 13349.290541
VES 998.7587
VND 28587.63798
VUV 133.552417
WST 3.104903
XAF 655.957
XAG 0.021457
XAU 0.000274761437
XCD 3.020015
XCG 2.016101
XDR 0.790108
XOF 655.957
XPF 119.331742
YER 263.918097
ZAR 18.459473
ZMK 10058.569965
ZMW 22.681133
ZWL 359.824402
SSP 6420.075745
MXV 2.349444
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

MLB season delayed after labor talks end in stalemate
MLB season delayed after labor talks end in stalemate

MLB season delayed after labor talks end in stalemate

The start of the Major League Baseball season was delayed on Tuesday after marathon labor talks between team owners and players ended in deadlock.

Text size:

Major League Baseball commissioner Rob Manfred said the league had been left with no choice but to cancel the opening round of fixtures after the stalemate, marking the first time in 27 years regular season games had been lost due to a labor dispute.

"The calendar dictates we're not going to be able to play the first two series of the regular season and those games are officially cancelled," Manfred told a press conference in Jupiter, Florida.

The new season had been due to get under way on March 31.

Hopes of an agreement had been raised on Monday after the talks were extended beyond a deadline set by Major League Baseball.

However Tuesday's last-ditch round of negotiations ended in disagreement, with reports saying the two sides had been unable to come together on the thorny issue of the competitive balance tax (CBT), baseball's de facto salary cap.

MLB officials had offered an increase in the CBT of $220 million for three years starting in 2022, increasing to $230 million by 2026.

The players lowered their initial demand of $245 million in 2022 to $238 million, rising to $263 million in the final year of the five-year collective bargaining agreement.

The fact that talks had been extended on Monday left MLB officials confident of securing a deal. However a spokesman said Tuesday players had returned to the bargaining table with a "decidedly different tone".

"We worked hard to avoid an outcome that's bad for our fans, and bad for our players and bad for our clubs," Manfred said.

"Our failure to reach an agreement was not due to a lack of effort by either party.

"The players came here for nine days, they worked hard to try and make a deal and I appreciate their effort."

- 'Disgusted, unsurprised' -

The Major League Baseball Players Association laid the failure to broker a deal squarely at MLB's door.

"Players and fans around the world who love baseball are disgusted, but sadly not surprised," the MLBPA said in a statement.

"From the beginning of these negotiations, players' objectives have been consistent – to promote competition, provide fair compensation for young players, and to uphold the integrity of our market system.

"Against the backdrop of growing revenues and record profits, we are seeking nothing more than a fair agreement."

Manfred however said team owners had offered "compromise after compromise" in an effort to avoid a cancellation of fixtures, noting that owners had offered to raise minimum salaries across the league by $130,000 to $700,000.

"A primary goal of the players association was to increase pay for younger players," Manfred said. "We agree with and share that goal."

Manfred said the league had offered to create a $30 million bonus pool for young players, and said two thirds of players would have seen pay increase by around 33%.

Although the 2020 MLB season was shortened due to the pandemic, Tuesday's cancellation of fixtures marks the first time regular season games have been lost since the 1995 lockout, when 948 games were lost.

Major League Baseball had already delayed the start of pre-season exhibition games, which were originally scheduled to start on February 26.

The league locked out players on December 2 after the previous collective bargaining agreement expired.

At the time MLB commissioner Manfred said the lockout was to increase the sense of urgency in negotiations, although weeks passed before talks finally began on how to split the profits from billions in revenue.

(Y.Yildiz--BBZ)