Word: settlements
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Dates: during 1980-1989
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...games. The players lost an estimated $28 million in salaries. Even after collecting $44 million in insurance benefits, the owners stood to lose some $72 million -although their $15 million strike fund, collected from a percentage of gate receipts, should ease the sting. Within hours of the settlement, team managers and officials were manning telephones, waking up players and telling them to report for workouts right away. By Saturday afternoon, ballparks across the country were alive with the blessed whack of hardwood hitting horsehide. The first ball of the second summer of 1981 will be thrown out this Sunday...
...pivotal issue in the settlement was the same one that has been troubling baseball for the past five years: Just what sort of compensation should an owner get when one of his players becomes a free agent and then signs with another team? Under the new agreement, the best free agents will be ranked in two groups, according to past performance. The top 20% will be designated as Type A players, the next 10% as Type B. If a club signs a Type A free agent, it must place all but 24 of its players in the compensation pool. When...
...overall settlement bears the players' cleat marks. The compensation formula will seemingly have little effect on the owners' bidding wars, so the players should be able to maintain their bargaining power as free agents. Even so, they are slightly worse off than they were when the walkout began. Said Rusty Staub of the New York Mets: "It was a take-away strike. The players had nothing...
They did, however, defeat the owners on an important issue that arose out of the strike: whether the days lost would be considered time spent on the roster. According to the settlement, the down time will count toward the six seasons a player needs in the majors before he can qualify as a free agent. The issue is important to a player like Yankee Pitcher Ron Guidry, 30, who, at the start of the 1981 season, needed 168 days of service before he could offer his talents on the open market...
What was more, the hunger strikers contributed to Irish disenchantment last week by scuttling two overtures toward a possible settlement. First, they dismissed a three-man International Red Cross delegation as "pawns of the British."Then they refused a British offer to "clarify" Whitehall's position on possible steps to ameliorate their treatment unless the I.R.A.'s prison representative could attend the talks. The British could not accept this condition, since it might be seen as recognition of the I.R.A. command structure...