Minimum Salary. (1) The minimum rate of payment to a Player for each day of service on a Major League Club shall be as follows: 2017—at the rate per season of $535,000; 2018—at the rate per season of $545,000; 2019—at the rate per season of $555,000; 2020—at the 2019 rate per season plus a cost of living adjust- ment, rounded to the nearest $500, provided that the cost of liv- ing adjustment shall not reduce the minimum salary below $555,000; 2021—at the 2020 rate per season plus a cost of living adjust- ment, rounded to the nearest $500, provided that the cost of liv- ing adjustment shall not reduce the minimum salary below the 2020 rate per season.
Appears in 4 contracts
Samples: Basic Agreement, Basic Agreement, Basic Agreement
Minimum Salary. (1) The minimum rate of payment to a Player for each day of service on a Major League Club shall be as follows: 20172012—at the rate per season of $535,000480,000; 20182013—at the rate per season of $545,000490,000; 20192014—at the rate per season of $555,000500,000; 20202015—at the 2019 2014 rate per season plus a cost of living adjust- ment, rounded to the nearest $500, provided that the cost of liv- ing adjustment shall not reduce the minimum salary below $555,000500,000; 20212016—at the 2020 2015 rate per season plus a cost of living adjust- ment, rounded to the nearest $500, provided that the cost of liv- ing adjustment shall not reduce the minimum salary below the 2020 2015 rate per season.
Appears in 3 contracts
Samples: Basic Agreement, Basic Agreement, Basic Agreement
