Baseball arbitration

From Conservapedia
Jump to: navigation, search

Baseball arbitration is an increasingly popular form of dispute resolution in which the arbitrator chooses one number from those submitted by the two sides to the dispute.

For example, if one side says it should be resolved with a payment of $500,000, but the other side says it should be resolved for $3 million, then the arbitrator must pick either $500,000 or $3 million as the final settlement.