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Stock impact report

MLB Free Agency Turns 50: The ‘Poor’ And The Rich Cashed In Ever Since [Forbes]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Forbes
Let's revisit history to find out why players have been getting bigger and bigger contracts and owners' wealth multiplying ever since. ATLANTA: Andy Messersmith of the Atlanta Braves pitches during an Major League Baseball game IN 1976. (Photo by Focus on Sport/Getty Images) ... More Getty Images Arbitrator Peter Seitz ruled on Dec. 23, 1975, that MLB teams could legally reserve players for only one year, after which they would become free agents. Fifty years later, players are getting $20 million-a-year deals. “The real floodgates opened after that,” former pitcher David Cone told Ronald Blum of The Associated Press last month. “Players were finally in all walks of life, in all sports, were finally able to see what, hey, what free agency really looks like. There was all the doom and gloom back then from one side that said: 'This is going to ruin the game. It's not sustainable.' And actually, it was just the opposite. It made the game better." It led to worldwide change. Show less Read more
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