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Closing Bell

Scott Boras Tells Clients To Refuse MLB's Salary Cut Proposal

Agent Scott Boras "recommends that his clients refuse" MLB's attempt to "cut salaries during negotiations with the players' association, claiming team financial issues caused by the coronavirus pandemic have their origin in management debt financing." Boras in an email wrote that players "should not alter terms of the March 26 agreement between MLB and the union that called for players to reduce their salaries to a prorated rate based on a shortened season." Boras wrote, "Players should not agree to further pay cuts to bail out the owners. Let owners take some of their record revenues and profits from the past several years and pay you the prorated salaries you agreed to accept or let them borrow against the asset values they created from the use of those profits players generated" (AP, 5/28).

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