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glenn · 08-10-2006, 07:36 PM

Marvin Miller knew it was in their best interest to act fast, and knew how important the second meeting would be. Major League Baseball was struggling, and the sooner a formal announcement was made, the better.

He walked into the meeting room, and quickly took the sixteenth and final seat at the table. The meeting moved along at a quick pace, going through all the agenda items with little discussion, and agreement on most items. The details of the league started to get worked out. An entry fee of $3 million dollars would be paid by each of the owners to the American Baseball League. After the initial season, the fee would be increased to $5 million dollars per team. The league would be run by a committee of three co-commissioners. Nominations for co-commissioners will be accepted for two weeks, and voting will take place immediately. The number of teams will be between 16 and 24 for the inaugural season. The active roster size will be 32 players. Players will be entitled to salary arbitration after two seasons, and be free to sign with any team after three full seasons in the league.

Each team will be responsible for fielding minor league affiliates for all levels of minor league play. The two most controversial measures were passed with little opposition. The perspective owners agreed that no less than 40% of the revenue generated must be set aside for player salaries, and benefits. The owners also agreed that 20% of profit after player expenses would be exempt from revenue sharing, 1% would be given back to the league, and revenue sharing would exist for any profit greater than $5,000,000. The minimum salary was established at $15,000 for players on major league rosters. A competition committee would be established, that would be responsible for drafting the league rules, including playoff formats.

The players union and prospective owners would have two weeks to approve the rules. Once approved, the American Baseball League would be announced, and the prospective owners would have 30 days to pay the initial entry fee. The next meeting date was set for June 4th.

08-10-2006, 07:36 PM	#31 (permalink)
glenn Major Leagues Join Date: May 2006 Location: PA Posts: 407 Thanks: 0 Thanked 0x in 0 posts	May 21st, 1973 Marvin Miller knew it was in their best interest to act fast, and knew how important the second meeting would be. Major League Baseball was struggling, and the sooner a formal announcement was made, the better. He walked into the meeting room, and quickly took the sixteenth and final seat at the table. The meeting moved along at a quick pace, going through all the agenda items with little discussion, and agreement on most items. The details of the league started to get worked out. An entry fee of $3 million dollars would be paid by each of the owners to the American Baseball League. After the initial season, the fee would be increased to $5 million dollars per team. The league would be run by a committee of three co-commissioners. Nominations for co-commissioners will be accepted for two weeks, and voting will take place immediately. The number of teams will be between 16 and 24 for the inaugural season. The active roster size will be 32 players. Players will be entitled to salary arbitration after two seasons, and be free to sign with any team after three full seasons in the league. Each team will be responsible for fielding minor league affiliates for all levels of minor league play. The two most controversial measures were passed with little opposition. The perspective owners agreed that no less than 40% of the revenue generated must be set aside for player salaries, and benefits. The owners also agreed that 20% of profit after player expenses would be exempt from revenue sharing, 1% would be given back to the league, and revenue sharing would exist for any profit greater than $5,000,000. The minimum salary was established at $15,000 for players on major league rosters. A competition committee would be established, that would be responsible for drafting the league rules, including playoff formats. The players union and prospective owners would have two weeks to approve the rules. Once approved, the American Baseball League would be announced, and the prospective owners would have 30 days to pay the initial entry fee. The next meeting date was set for June 4th.