SBD/2/The Back Of The Book

PULL AND KEEP: SOME DETAILS OF MLB'S CBA AGREEMENT

          Details of MLB's CBA regarding the luxury tax and
     players minimum salaries (Mult., 11/27).
LUXURY TAX MINIMUM SALARY
1997
35% tax on amounts over $51M
$150,000
1998
35% tax on amounts over $55M
$170,000
1999
34% tax on amounts over $58.9M
$200,000
2000
No Tax
$200,000^
2001
No Tax
$200,000^

NOTES: LUXURY TAX -- Teams whose payrolls exceed set thresholds will be taxed on the portions above the thresholds. MINIMUM SALARY -- (^) Minimum salaries in the years 2000 and 2001 will be $200,000 plus cost-of-living adjustment if option year isn't exercised. -30-
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