Worker’s Compensation insurance was developed to ensure protection of workers who are at risk of hurting themselves accidentally at work. Worker’s Compensation is a benefit program established to pay a worker for any injuries that are work related. ... Of course, like every other “business”, professional baseball players are covered by Worker’s Compensation in Major League Baseball. Because of the large sums of money involved in professional baseball, not only is worker’s compensation very expensive, it is also very intricate. ... But- yes, indeed – baseball is a game and a business.
Successfully representing professional athletes requires knowledge and expertise in understanding the players contracts, collective bargaining agreements and collateral benefits provided to the players and how they interact with workers compensation. Professional athletes are generally covered under workers compensation and are entitled to team benefits in many cases that are an offset against any workers compensation payments. ... For example, worker’s compensation laws for baseball must differ from worker’s compensation laws for boxing since the object of boxing is to injure the other player “on the job”.
The compensation system of Major League Baseball differs from the common worker’s compensation in that players generally are not paid according to current performance or a realistic anticipation of future performance. ... The existing structure of player compensation in major league baseball assumed its current form in the mid-1970s when salary arbitration and free agency were established. Because bonuses based on individual performance statistics are specifically prohibited by the league, the overwhelming majority of compensation comes in the form of contractually fixed salary payments.
Only in the late 1970s did baseball salaries begin to stand out in earnest from normal occupational salaries in the United States. As late as 1975, the median salary for baseball players was a fairly modest $34,000 (still within an order of magnitude of the nation-wide median income figure, $5,664), while the mean salary was only $44,676 (again, within an order of magnitude of the nationwide figure, $7,705). ... A look at the proportions of players making more than certain amounts and the high percentiles of the salary distributions provides additional insight into the compensation structure in major league baseball, especially at the top, where it has provoked the most controversy. ... 9 percent) of major league baseball players made $1 million or more per year, and fewer than 1 percent made more than $2 million.
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