Ryan MagazinerBaseball ArbitrationMajor League Baseball has an arbitration system that is extremely confusing andhas many loopholes and complicated rules depending on Free Agency, prior contracts,and even the recent performances of the ball club.However, the basic arbitrationexperience is what will be explained as well as if it is a fair system for both the ownersand players while touching on both the shareholder and stakeholder models. Salaryarbitration is known as “Final Offer Arbitration” where each side submits a salary figureand after a few hours of hearings in early February, the arbitrators pick one of the figures.Arbitrators are lawyers and judges with extensive knowledge in arbitration and areselected and agreed upon by both sides. The arbitrator takes the mid-point of both figuresand decides whether the player is worth more than or less than that mid-point number.
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Arbitration,Major League Baseball,Final Offer Arbitration