MLBPA reduces liquid assets after labor deal last spring

By RONALD BLUM
AP Baseball Writer

NEW YORK (AP) — The baseball players’ association reduced cash, U.S. Treasury securities and investments to $142.4 million on Dec. 31, down from $271.2 million at the start of year in a decrease typical of the period that follows a collective bargaining agreement. The union increases liquid assets in the years ahead of bargaining in order to have money to distribute to players in the event of a work stoppage. Union head Tony Clark had a $2.25 million salary .