Mls Cba Agreement
„As we prepare to celebrate our 25th season, we are very pleased to enter into a new five-year collective agreement with our players,“ MLS Commissioner Don Garber said in a league statement. „This agreement addresses the key strategic priorities of the league and our players, while maintaining the basic player compensation structure that forms the basis for Major League Soccer`s growth and stability. During the negotiations over the past few months, we have had constructive and positive discussions with MLSPA management and the Players` Bargaining Committee, and I would like to thank them for their collaboration towards reaching an agreement that will serve as the basis for a new era of partnership with our players. The new five-year CBA will begin at the start of the 2020 season and continue until January 2025. Under the historic agreement, the Free Agency`s rights will increase dramatically, while the percentage of eligible players will double. Pay budgets and player compensation will grow steadily which, at the end of the deal, will yield the average salary over $500,000 and the senior minimum wage over $100,000 $US. In addition, the owners will continue to invest in players on and off the field. For the first time in the League`s history, the CBA includes mandatory charter itineraries for team travel that gradually expand over the life of the agreement. When mlS and mlS Players Association agreed on a framework for a new collective agreement four months ago, the mood was almost euphoric among players. The MLSPA made profits within the Free Agency and entered into a creative revenue participation agreement that allowed players to share in the profits of a planned significant increase in national broadcasting rights. There were also winnings for the base, with an increase in potential bonuses for players at the bottom of the salary scale. The agreement also changes the players` share of the media rights negotiated within the original CBA. This proportion will increase from 25% to 12.5% in 2023, but will increase to 25% in 2024.
For the first time, player spending by club will include a share of the increased revenue generated by the new MLS media deals in 2023 and 2024. Starting in 2023 and 2024, MLS will increase player spending by an amount equal to 25 percent of the increased media revenue, higher than the amount generated by the league in 2022, plus $100 million $US. The current local, national and international partnerships for the League`s media rights will expire at the end of 2022. „The players have reached an agreement that will substantially change what it means to be an MLS player,“ Foose said. „Over the past two years, we have gone through a substantial and comprehensive negotiation process with the League.