6:30 p.m.: The MLB Players Association has informed the MLB Players Association that it will not submit a new proposal to the union to resolve the differences of opinion on the financial structure of the 2020 season, according to Ken Rosenthal and Evan Drellich of The Athletic (via Twitter). Term expenditures: 2007 – December 11, 2011. Free Agency: The agreement removes the restriction that requires teams to sign a former player who signs the free agent until December 7 (or January 8, if the salary contracts offered) or else lose his rights until May 1. The deadline for salary arbitration clubs for their former players, who have been free agents, is extended to December 1 from December 7. The proposed deadline for players to accept arbitration offers is extended to December 7 from December 19. Free agent compensation: compensation of a draft`s choice for the loss of free agents Type C is eliminated. The remuneration of free agents type B is changed from direct choices (draft lost) live (sandwich-picks). Starting in 2007, the type A free agent was redefined to increase from 20 percent in position (up 30 percent) and type B to 21-40 percent (up 31-50 percent). Wage arbitration: the authorisation and procedures remain unchanged. Tests on prohibited substances: the joint agreement on drugs is incorporated into the basic agreement, so that it can be negotiated in the same way as other labour issues.
It provides for 50, 100-game or lifetime suspensions for positive steroid tests, with lower penalties for amphetamine trials and tougher penalties for amphetamines or steroid distribution. Players who are suspended for life can apply for reinstatement by the Commissioner after two years and have the right to have the Commissioner`s decision reviewed by an independent arbitrator. Minimum wage: The minimum for major leagues increases from $327,000 in 2006 to $380,000 in 2007, $390,000 in 2008, $400,000 in 2009 and $400,000, and a two-year cost-of-living adjustment in 2011. Minor League Rate for players with split contracts that appear on a team of 40 men for two years or more: $60,000 in 2007, $62,500 in 2008 and $65,000 in 2009, 2010 and 2011. Players who are part of the 40-man team for the first time must receive 50% of the minor league minimum. Rule 4 Amateur Draft: Players who are selected in the June Amateur Draft, who are not university seniors, must sign by August 15. Teams that do not sign first- or second-round draft picks will receive the same selection in compensation in the next draft. Clubs that do not sign a third-round pick will receive a sandwich between the third and fourth rounds. Rule 5 Draft: Teams have five years (four years if the player was signed before the 18th anniversary), before having to put a player on a 40-man team or risk losing him usually 5 draft, an increase of four years (three years if the player was signed before the 18th anniversary). The clock starts running on the day a player signs, not during the season he starts playing.
Income Sharing: Marginal tax rates are reduced by the use of the new central redistribution of funds, with the rate of increase in turnover reduced from 40% to 31%, and the low turnover team rate from 48 to 31%.