Major League Baseball’s new Collective Bargaining Agreement is a wide ranging document that addresses not only the economics of the sport, but the very structure of the way the game is played.
In this deal you’ll find bonus pools for pre-arbitration eligible players, an increase in minimum salary, limits in how many times a player can be sent down to the minors and back in a season, an expanded playoff field, a universal designated hitter, the potential creation of an international draft tied to the elimination of the qualifying offer in free agency, and so much more.
But for Phillies fans, there is no more important topic that the “competitive balance tax,” otherwise known as the luxury tax, otherwise known as the sport’s soft salary cap.