Bonuses are an important element in any professional players’ contract and a means of increasing a player’s compensation. There are a number of different bonuses utilized in professional sports including:
Major League Baseball
Major League Baseball Competitive Balance Tax
Major League Baseball (“MLB”) does not have a salary cap, hard or soft. However, MLB utilizes a Competitive Balance Tax, commonly known as a luxury tax, to prevent the wealthiest
Major League Baseball Payrolls are Skyrocketing
Mark Attanasio, lead owner of the Milwaukee Brewers, in his annual opening day press conference at Miller Park called “mind-boggling” and frustrating the skyrocketing payrolls in Major League Baseball that
Miller Park – An Impact Beyond Baseball
I. Introduction Former Major League Baseball (“MLB”) Commissioner, Bud Selig, acquired the Milwaukee Brewers (“Brewers”), originally the Seattle Pilots, through bankruptcy, and the team moved to Milwaukee in 1969 as