According to the New York Post, Major League Baseball is hoping to tighten the flimsy debt-limit rules that allowed the Rangers, Mets and Dodgers to fall into financial disrepair ...
MLB Asks Players To Help Get Debts Under Control
↵↵For example, MLB wants teams to include holding company loans and not just what is directly on team’s books when determining total debt, a source with direct knowledge of the talks said.
↵The new debt rule would be part of MLB’s collective bargaining agreement talks with the players’ union -- talks that have just begun.
↵↵I’d like to apologize to Bud Selig, because I didn’t realize the debt rules are tied into the Collective Bargaining Agreement, which changes everything. Just another example of how little real power the Commissioner so often actually has.
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