The Major League Baseball Players Association is putting aside money in anticipation of the end of the collective bargaining agreement, as it routinely does. Jorge Castillo of ESPN and Evan Drellich of The Athletic report that the union has about $519MM in total assets, as of the start of this year.
It is standard practice for both MLB and the MLBPA to set aside money in a CBA year, as having a war chest could be needed for a work stoppage or for leverage in negotiations. Back in February, it was reported that the league had set aside about $2 billion. No details on the MLBPA’s funds were available until this week.
As both Castillo and Drellich point out, the MLBPA war chest has more than doubled relative to the last round of CBA talks. In 2021, just after the COVID-impacted 2020 season, the union had under $200MM on hand. Castillo reports they had $171MM ahead of the last round of negotiations, though Drellich puts them slightly higher at $192MM. Both reports note that the players have allowed the union to withhold licensing checks since 2024, in order to bolster the available funds.
After more than 25 years without a work stoppage, the league locked out the players in December of 2021. That lockout lasted 99 days until a new agreement was reached in early March, just in time to still play a full 162-game season, with some creative scheduling.
Many in the industry are expecting yet another lockout after the CBA expires on December 1st this year, with the bargaining perhaps becoming even more contentious. The game’s economic imbalances have seemingly widened. Clubs like the Dodgers and Mets continue to ramp up spending to record highs. Other clubs have been clutching the purse strings tightly, pointing to the decreased broadcast revenues as many fans cut cable cords and pivot to streaming.
The owners are expected to push for a salary cap, as they have done in the past. The players are opposed to a salary cap and will likely push for alternatives involving greater revenue sharing between clubs. Any salary cap proposal would be accompanied by a salary floor, which would likely require the smaller clubs to receive more money from the bigger clubs, in order to meet that floor. A notable shake-up of baseball’s finances seems inevitable, though the league and union will have different ideas about which changes are acceptable.
If the two sides can’t reach consensus on an acceptable framework, the possibility of losing games in 2027 would grow. Such an outcome would have negative consequences for baseball at a time when its popularity is on the upswing. Ratings and attendance have been increasing in recent years, with Game Seven of the 2025 World Series the most-watched game since 1991. The recent World Baseball Classic had TV ratings comparable with the most recent NBA finals. Cutting into that popularity could be costly since a large number of the league’s broadcast deals expire after the 2028 season.
Even if the two sides can avoid cancelling games in 2027, a lockout is still widely expected. MLB commissioner Rob Manfred has spoken positively about how a lockout affects negotiations. In the wake of those comments, then-executive director of the MLBPA Tony Clark said the union expects to be locked out. Clark recently resigned under the shroud of scandal with deputy director Bruce Meyer taking over on an interim basis.
Speaking of Clark, during his tenure, concerns were raised about an MLBPA-owned company called Players Way. The company came under federal investigation as the union seemed to be diverting millions of dollars to it without the company doing much with that money. The union hired a law firm to conduct an internal investigation in response to those concerns, as well as the investigation of OneTeam Partners, a joint venture with the NFLPA. That internal probe reportedly uncovered messages between Clark and his sister-in-law, an MLBPA employee, which led the union to seek his resignation. This week, both Castillo and Drellich report that Players Way has now been shut down.
Photo courtesy of Evan Petzold, Imagn Images
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