On second and final day of the meetings with Major League Baseball’s 30 owners in New York, the topic of the pension plan for those working for clubs was discussed. The matter, first reported by Adam Rubin of ESPN New York, has been brewing for several years. According to the report, a small market club raised the issue of eliminating some pension plans, despite the league seeing record gross revenues in excess of $8 billion.
But the matter was not brought to a vote today, and no action has been taken. Sources reiterated what was said when the story first broke that the matter is not about eliminating pension for personnel, rather giving clubs more flexibility in what they offer. It was not said whether that could possibly mean the downgrading of pensions for some clubs.
At the time of the report in March, the Professional Baseball Scouts Foundation had an emergency conference call to discuss the matter. Those that have been scouts for some time were reassured that they would not be impacted by any change, but it was unknown whether new scouts would see adverse impacts, if or when, the league’s owners vote on changes to the pension plan.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He writes for Baseball Prospectus and is a contributor to Forbes. He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted here.
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