Word: capped
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Negotiators for the players and owners of major league teams resumed their discussions for two hours in New York, but why bother? Neither side budged on the owners' nettlesome salary cap idea. But the people who urged the parties to get together one last time -- politicians -- got the sides to agree to meet next week with federal mediators. Also on baseball watchers' minds today: With 52 days (or 669 unplayed games) left in the season, will the World Series be nixed for the first time since...
Major league ballplayers appear ready to walk Friday, despite a daylong emergency bargaining session. "I believe we are closer to a strike than we were 24 hours ago," said owner representative Richard Ravitch. At issue: the owners want a salary cap, the players don't. No new sessions are on the agenda. BTW: There have been eight baseball strikes in the past 22 seasons, including a 50-day run in 1981. Each time, the owners caved...
...always buy a winner: Detroit, with the second highest payroll, is last in the American League East, while Montreal, with the second lowest, has the majors' best record. But a good team in a small market is likely to lose its stars to free agency. The salary cap is a compromise between the plush teams and the poor ones. That's why union representative Donald Fehr says the players are really a third party to their dispute...
...ostensible issues are the owners' demands to put a cap on players' pay, to impose fifty-fifty revenue sharing with the players, and to eliminate salary arbitration, which has helped jack up the average wage more than 20- fold in less than 20 years, to $1.19 million. The players, of course, want to keep things green. They'll take even more money, if the owners will be so kind or so weak...
...levies a $1.24 cigarette tax and means-tests premiums and co-payments for higher-income Medicare recipients. House Education and Labor places a 2% tax on health-insurance premiums and adds 69 cents more to the cigarette tax. Dole pays for reform through cuts in Medicare payments and a cap on the rate of increase in federal Medicaid payments...