SEARCH


MLB telling players each game held without fans will cost the league $640K

PUBLICATION
James Tubb
May 16, 2020  (7:26 PM)
SHARE THIS STORY

Major League Baseball made an 12-page presentation to players, breaking down all of the economics of playing games without fans and informed the union that each game with players earning prorated salaries will cost the league $640,000 in losses, according to the Associated Press.

However, the losses would not be spread equally, though. The league's study noted that larger markets would be hit with more losses, projecting that the New York Yankees would lose $312 million.

The Los Angeles Dodgers and New York Mets would lose more than $200 million with the Chicago Cubs and Boston Red Sox losing slightly less than that. Meanwhile, the Detroit Tigers would lose the least of all teams at $84 million.

In breaking down the revenue sources for the 2019 season, the MLB outlined that 39% of team revenue was at the gate or from other in-park revenue streams such as concession, 50/50 tickets and merchandise sales.

After the presentation, the MLBPA requested additional documents to support the league's claims.

The news followed continued reports that the league would prefer a 50-50 revenue-sharing agreement with the players and is trying to back track on their promise of prorated pay for players based on games played, which was agreed upon back in March.

MLBPA executive director Tony Clark said that the union would not accept the idea of revenue sharing due to its strong resemblance to a salary cap.