Tuesday, November 22, 2011

Did MLB short its retirees with the new collective barganing agreement?

A provision of the new collective bargaining agreement between Major League Baseball and the Major League Baseball Players Association included an extension through 2016 of what was deemed "charitable payments” delivered to non-vested retired MLB players who played prior to 1980.

These players, who played less than four or five seasons in the majors depending upon their debuts, are eligible for up to $10,000 in annual payments, as agreed upon earlier this season. For some players who just barely missed the cutoff for vesting, they receive checks of close to $10,000 per year; others who played the minimum required 43 days, are receiving as little as $625 per year. This payment is in stark contrast to the $30,000 annual pension payment to a player who debuted after 1980 that was on an active major league roster for the 43-day minimum.

The question remains; however, did MLB do the right thing by its retirees with the new CBA? Click here to read a compelling argument by Douglas Gladstone, the author of, "A Bitter Cup of Coffee."

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