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Stock impact report

Luxury Tax Isn’t Holding Down Major League Baseball Payrolls [Forbes]

Liberty Media Corporation - Series A Liberty Braves (BATRA) 
US:NASDAQ Investor Relations: ir.libertymedia.com/stock-information
Company Research Source: Forbes
The player's association executive board decided to take no formal action to set a strike date. Players and owners reportedly have reached agreement on minimum salaries and financing of the benefit plan. The sides still are discussing revenue sharing, a luxury tax and a worldwide draft. AFP PHOTOS/Scott OLSON (Photo credit should read SCOTT OLSON/AFP via Getty Images) ... More AFP via Getty Images In Major League Baseball social media comments, baseball fans calling for a salary cap and salary floor have never been louder. The current Collective Bargaining Agreement between the Major League Baseball Player's Association and Major League Baseball expires at the end of the coming World Series. Some Major League Baseball owners are trying to add a cap on team payroll spending to the new basic agreement. Major League Baseball is the only major sport without a salary cap. The Major League Baseball Player's Association has long opposed any form of cap on potential earnings for Show less Read more
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