Baseball announces expanded pension benefits for players who retired between 1947 and 1980

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Prior to 1980, players were vested in baseball’s pension plan after completing at least four years of service time. Since the 1980 season, all players are vested after just one day of service in the majors (as your service time increases, you get greater benefits).

Baseball and the MLBPA announced today that players who retired during the earlier period but had fewer than four years of service time will be getting retroactive benefits:

Players who retired between January 1, 1947 and January 1, 1980 with no retirement benefits for their Major League Service will receive an annual payment of up to $10,000, jointly funded by the Commissioner’s Office and the MLBPA. The collective bargaining parties have committed to these payments for an initial period of two years. Payments beyond the initial period will be discussed in collective bargaining.

That’s not a ton of money, but for the most part, guys who fell into that less-than-four-year hole didn’t make a lot of money either.

Regardless, it’s good to see Major League Baseball at least trying to take care of its own.

Report: Padres have made offers to both Manny Machado and Bryce Harper

Manny Machado
Kevork Djansezian/Getty Images
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Jon Heyman has been hot on the free agent trail today, reporting that the Padres have made offers both Manny Machado and Bryce Harper. The offer to Machado is believed to be for eight years and about $250 million, while the offer to Harper is believed to be for more than that.

Heyman was reporting on Harper earlier, tweeting that the Phillies are the favorite to sign him. He added this evening that Harper has multiple long-term offers at more than $30 million annually. Regarding Machado, Heyman noted that while Machado was believed to have had a preference for the East coast, he will go for the best deal now, which puts the Padres firmly in the picture.

The Padres reportedly met with Machado last week. A late entrant into the sweepstakes, the club has shown the willingness to spend, signing Eric Hosmer to an eight-year, $144 million contract last year. If he goes to San Diego, Machado would be the full-time third baseman with Luis Urias handling shortstop.

Nothing appears close, but we’ll take anything resembling a spark to light the hot stove.