Major League Soccer announced the key details of the Collective Bargaining Agreement it signed with the MLS Player's Union on Saturday.
Here are some of the key elements:
The MLS salary cap will increase from $2.315 million to $2.55 million and will increase by %5 each season thereafter.
The CBA provides for guaranteed contracts for all players 24 years old or older with three years of MLS service.
Minimum salaries for senior roster players will increase from $34,000 in 2009 to $40,000 in 2010, with an increase of 5 percent each year thereafter.
Player Contracts will now have a limit on the number of option years they can have. The limit is two option years for players who are at least 25 and have four years of MLS service. All other contracts can have up to three option years.
MLS will establish a Re-Entry Draft. Players eligible for the draft include those whose options were not exercised, those whose contracts were terminated and those whose contracts expired. Here is a breakdown of how these players are affected and what new measures are in place to help them:
Option Not Exercised
A player who is at least 23 years old with three years of MLS service and whose option is not exercised will be placed in a re-entry draft and made available to all clubs at his option salary.
A player who is at least 22 years old with one year of MLS service and who is asked to take a pay cut after contract termination will be placed in a re-entry draft and made available to all clubs at his current salary.
A player who is at least 30 years old with eight years of MLS service and whose contract has expired will be placed in a re-entry draft unless his team makes him a qualified offer that must be at least 105% of his last salary. If placed in the re-entry draft, the player will be made available to all clubs at a salary equal to 105% of his last salary.
A player who is at least 25 years of age with at least four years of MLS service whose contract has expired will be placed in a re-entry draft unless his team offers him a base salary of at least as much as the base salary paid to him in the last year of his contract. If placed in the re-entry draft, the player will be made available to all clubs at a salary equal to the salary in the final year of his contract.
Players whose annual compensation is less than $125,000, the minimum base salary increase will be %10 for players who play in at least 66 percent of his club's games and 12.5 percent for players who play in at least 75 percent of club's games.
Increases in 401K contributions by the league, appearance fees, per diem and relocation expense reimbursement. Among the addtional player benefits in the CBA are full health care benefits for every player and his family at no cost, 401K contributions and expanded insurance benefits.
Bonuses for wins and exhibitions. The CBA includes a package of bonuses for wins in MLS games and international tournaments, as well as appearance fees for international exhibitions.
The sides reached an agreement on an extension of the Group License that will run through 2015.
The sides will establish a joint committee to study the re-launch of a Reserve Division. In the event the rosters are expanded, the salary for those players will be a minimum of $31,250, with additional annual increases.
So what do you think of the deal? Think the players made out well? Think the league got off cheap?
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