Major league baseball players and owners met for the fifth straight day on Saturday, with the players making significant concessions on key issues in an effort to reach an agreement in advance of the owners’ imposed deadline of February 28 to start the 2022 season on time. MLB owners rejected the players’ proposal, choosing instead to remain on course with their plan to cancel at least some part of the regular season as a negotiating tactic to put more pressure on the players.
The players’ chief proposals included reducing the percentage of two-year players eligible for arbitration from 75 percent to 35 percent, lowering its suggested competitive balance tax thresholds by $2 million in three of the five years, and completely eliminating its proposal to reduce revenue sharing money.