Hockey Journal: MLB and NHL through the Lens of Salary Arbitration
Words: 852 Pages: 3 3354Salary Arbitration is a system that is used to settle contract disputes. Two parties, the players and teams, each come up with a salary for the upcoming season and plead their cases at a hearing. Then the arbitrator, a third neutral party, listens to their arguments and determines their salaries if the two parties cannot come to an agreement themselves. Players in MLB are eligible for salary arbitration after three full seasons of playing for any of the MLB teams. […]