MLBPA War Chest Surges to $519M as Lockout Looms
Key Takeaways
- War chest totals about $519 million in assets.
- ESPN reports $415 million, lower than NYT/Bleacher figures.
- Preparation aims to withstand a potential or likely lockout before CBA expiry.
Union Grows War Chest
The MLB Players Association's war chest surged to $519.3 million.
“New MLB Rumors on MLBPA's Preparation of $519M 'War Chest' for Potential Lockout The MLB Players Association is reportedly continuing to prepare for a potential work stoppage ahead of collective bargaining agreement negotiations with MLB”
Players agreed to put aside 100 percent of their licensing revenue.
The union accumulated $415 million in Treasury securities, cash, and other investments.
Owners Have $2.25B Reserve
MLB owners have funded a war chest of about $75 million per team.
The league operates an investment fund called Baseball Endowment L.P.
Negotiations are expected to begin in April, but the current deal expires on Dec. 1.
Players Brace for Lockout
The MLBPA prepares for a potential work stoppage.
“In preparation for a potentially lengthy lockout, the Major League Baseball Players Association entered this year with $519”
Bruce Meyer said a work stoppage was almost guaranteed.
The last CBA expired in December 2021.
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