UCFinfan86
Oronde Gadsden's Official #1 Fan
http://sports.espn.go.com/mlb/news/story?id=2637615
5 year extension thru 2011
Biggest Change IMO is
Free Agent Deadlines• The restriction is eliminated that said teams could only re-sign their former players who became free agents by Dec. 7 (or Jan. 8 if offered salary arbitration) or else lose rights until May
some other notable changes
• Thresholds for luxury tax on team payrolls set at $148 million for 2007, $155 million for 2008, $162 million in 2009, $170 million in 2010 and $178 million in 2011. Tax rates on amount over threshold remain at 22.5 percent for first time over threshold, 30 percent for second time over threshold, 40 percent for third or subsequent time over threshold.
Amateur Draft• Players selected in the June amateur draft who aren't college seniors must sign by Aug. 15.
Minimum Salary• Major league minimum increases from $327,000 this year to $380,000 in 2007, $390,000 in 2008, $400,000 in 2009 and $400,000 plus a two-year cost-of-living adjustment in 2011.
Free Agent Draft Pick Compensation• Draft-pick compensation for losing Type C free agents is eliminated. Compensation for Type B free agents is changed from direct (losing draft picks) to indirect (sandwich picks). Starting in 2007, Type A free agent redefined to top 20 percent at position (from top 30 percent) and Type B to 21-40 percent (from top 31-50 percent).
Free Agent DeadlinesDeadline for clubs to offer salary arbitration to their former players who became free agents is moved to Dec. 1 from Dec. 7. The deadline for players offered arbitration to accept offers is moved to Dec. 7 from Dec. 19.
Tender Deadline• The deadline for teams to offer contracts for the following season to unsigned players on their 40-man rosters is moved to Dec. 12 from Dec. 20.
5 year extension thru 2011
Biggest Change IMO is
Free Agent Deadlines• The restriction is eliminated that said teams could only re-sign their former players who became free agents by Dec. 7 (or Jan. 8 if offered salary arbitration) or else lose rights until May
some other notable changes
• Thresholds for luxury tax on team payrolls set at $148 million for 2007, $155 million for 2008, $162 million in 2009, $170 million in 2010 and $178 million in 2011. Tax rates on amount over threshold remain at 22.5 percent for first time over threshold, 30 percent for second time over threshold, 40 percent for third or subsequent time over threshold.
Amateur Draft• Players selected in the June amateur draft who aren't college seniors must sign by Aug. 15.
Minimum Salary• Major league minimum increases from $327,000 this year to $380,000 in 2007, $390,000 in 2008, $400,000 in 2009 and $400,000 plus a two-year cost-of-living adjustment in 2011.
Free Agent Draft Pick Compensation• Draft-pick compensation for losing Type C free agents is eliminated. Compensation for Type B free agents is changed from direct (losing draft picks) to indirect (sandwich picks). Starting in 2007, Type A free agent redefined to top 20 percent at position (from top 30 percent) and Type B to 21-40 percent (from top 31-50 percent).
Free Agent DeadlinesDeadline for clubs to offer salary arbitration to their former players who became free agents is moved to Dec. 1 from Dec. 7. The deadline for players offered arbitration to accept offers is moved to Dec. 7 from Dec. 19.
Tender Deadline• The deadline for teams to offer contracts for the following season to unsigned players on their 40-man rosters is moved to Dec. 12 from Dec. 20.
