Talks in the ongoing collective bargaining negotiations between Major League Baseball and the MLB Players Association are expected to resume Wednesday following a near 17-hour session that began Tuesday and wrapped up early Wednesday morning.
Negotiations ended Wednesday morning with MLB making an offer to the MLBPA that included a "significant hike in the competitive tax threshold" according to several reports.
The union said around 2 a.m. Wednesday that it planned to issue a written response to MLB's proposal later in the day.
MLB.com reports that the league’s offer included a $230 million CBT threshold in 2022 -- a $10 million boost from its most recent proposal -- rising to $232 million in 2023, $236 million in 2024, $240 million in 2025 and $242 million in 2026.
Minimum salaries also received a boost in MLB's offer, beginning with $700,000 in 2022. That figure would rise to $715,000 in 2023, $730,000 in 2024, $750,000 in 2025 and $770,000 in 2026.
No additional games were canceled during Tuesday's meeting.
