Difference between revisions of "Baseball arbitration"
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For example, if one side to a dispute says it should be resolved with a payment of $500,000, but the other side says it should be resolved fr $3 million, then the arbitrator must pick either $500,000 or $3 million as the final settlement. | For example, if one side to a dispute says it should be resolved with a payment of $500,000, but the other side says it should be resolved fr $3 million, then the arbitrator must pick either $500,000 or $3 million as the final settlement. | ||
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Revision as of 03:18, June 5, 2015
Baseball arbitration is an increasingly popular form of dispute resolution in which the arbitrator must pick the number submitted by one of the sides to the dispute.
For example, if one side to a dispute says it should be resolved with a payment of $500,000, but the other side says it should be resolved fr $3 million, then the arbitrator must pick either $500,000 or $3 million as the final settlement.