AP exclusive: MLB vets get $4,775 daily during virus outset

NEW YORK (AP) — Gerrit Cole, Mike Trout and other veteran major leaguers will receive $4,775 per day in advance pay for the first 60 days of the season during the stoppage caused by the new coronavirus, a total of $286,500.

That's just 2.5% percent of the $193,548 the New York Yankees pitcher and Los Angeles Angels outfielder were scheduled to earn each day during the 186-day season from their $36 million salaries, tied for the major league high this year.

The daily total was obtained by The Associated Press after it was confirmed by Major League Baseball and the players' association following their agreement last week on how to proceed during the stoppage.

Less veteran players receive smaller amounts specified in the agreement: $16,500, $30,000 or $60,000, depending on the contract.

MLB has delayed opening day until mid-May at the earliest, and it remains unclear when or if the season will start.

Under the terms of the deal, teams are combining to give $170 million in advance pay to players on 40-man rosters, injured lists and outright assignments to the minor leagues. The payments will be made in equal installments on the normal payroll schedule and do not have to be repaid is the season is scrapped. They cover from March 26, the original opening day, through May 24 or whenever the season starts, whichever is earlier.

Money is being split into four classes based on contract status. Young players not yet eligible for salary arbitration have what baseball calls split contracts, with different salaries depending on whether the player is in the major leagues or in the minors. Payments to the more senior players were determined by accounting for the less senior players, then dividing the remainder among players with so-called straight salaries — the same amount in...

source https://www.chron.com/sports/article/AP-exclusive-MLB-vets-get-4-775-daily-during-15169585.php