Major League Baseball will be joining the ranks of all the other Big-4 sports leagues, as it was announced yesterday that the league has initiated a hiring freeze, according to Darren Rovell of CNBC.
But, fortunately for MLB employees, unlike the NFL and NBA, the league will not be initiating any layoffs. They are, however, freezing salaries and taking 20 percent of employees’ vacation time.
The NHL also has engaged in a hiring freeze.
MLB will be the first major U.S. sports league to deal with the full weight of the recession as it heads into the 2009 season.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
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