TORONTO – Major League Baseball and the players' association have reached an agreement on the financial framework through the COVID-19 pandemic. This structure contains draft amendments and terms of service that will significantly affect the Toronto Blue Jays.
The deal, first reported by Jeff Passan of ESPN and confirmed by an industry source to Sportsnet, is the result of a few weeks of negotiations and will be voted on by the owners on Friday. The terms include advance payments of $ 170 million to players who cover two monthly salaries – money that guarantees whether there is a season in 2020 or not.
Of particular relevance to the Blue Jays are plans to hold a five-round draft later this summer, although the Athletic decides that the major league baseball may extend this, according to Ken Rosenthal.
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With the Blue Jays scoring fifth overall victory, fewer rounds mean less opportunity to take advantage of last year's 67-95 bottom. This will affect their ability to take full advantage of the purchasing power so chosen, although the team considers the allocation of the signing bonus pool to be determined as more important than the number of rounds.
The Blue Jays have to change their strategy accordingly and are no longer able to find youthful value among prep players whose stocks have slipped over signability concerns but can ultimately be bought out of college.
The terms of service are similarly effective: players earn an entire year regardless of how many games are played in a shortened season, and players collect a match of their total number of 2019 if the entire year is lost.
This means that pending free agent Ken Giles and other walk-year players are eligible to enter the free market whether there is a season or not, while the clock is on young cornerstones like Bo Bichette, Vladimir Guerrero Jr. and Cavan Biggio, but not Nate Pearson, who is about to make his big league debut.