In this Nov. 21, 2019, file photo, baseball commissioner Rob Manfred speaks to the media at the owners meeting in Arlington, Texas. Major League Baseball is cutting the salary of senior staff by an average of 35% for this year and is guaranteeing paychecks to its full-time employees of its central office through May. Baseball Commissioner Rob Manfred made the announcement Tuesday, April 14, 2020. (AP Photo/LM Otero, File)
By Ronald Blum
Baseball Commissioner Rob Manfred has made a move that allows teams to lay off or cut the pay of major and minor league managers, coaches, trainers and full-time scouts starting May 1.
Manfred has suspended uniform employee contracts that cover about 9,000 people, including general managers on some teams. Manfred cited the inability to play games due to the national emergency caused by the new coronavirus pandemic.
“Our clubs rely heavily on revenue from tickets/concessions, broadcasting/media, licensing and sponsorships to pay salaries,” Manfred wrote in an email Monday, a copy of which was obtained by The Associated Press. “In the absence of games, these revenue streams will be lost or substantially reduced, and clubs will not have sufficient funds to meet their financial obligations.”
“The impact of the suspension of the UEC on your personal employment situation will be determined by your club,” Manfred said.
Manfred’s intention to suspend the contracts was first reported by The Athletic.
Several teams have said they will pay their employees through May.
Major League Rule 3(i) requires that UECs must be signed by all managers, coaches, trainers and salaried scouts, and some teams include additional baseball operations staff.
“Pursuant to the terms of the UEC, the club’s exclusive right to your services will remain in effect during the period of the suspension such that you will not be permitted to perform services for any other club,” Manfred wrote. “I fully recognize the hardship that this health crisis creates for all members of the baseball community. Central baseball and the clubs are doing everything possible to try to minimize this impact for as many employees as possible.”
Manfred said the Baseball Assistance Team charitable organization “is available to consider grant applications on an expedited basis for those facing significant and immediate financial hardship.”
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.