Charles Finley and the Opt-Out Clause

Late yesterday the Mets signed Yoenis Cespedes for three years with an Opt-Out clause after one year. This made think of Charles Oscar Finley maverick owner of the A’s  who passed away twenty years ago. In March 1960, he purchased the Kansas City A’s and for the next 20 years, would be a thorn in the side of two Baseball Commissioners and the other owners.

As an owner, he was behind baseball playing World Series games at night, and the Designated Hitter. Now after 42-years it appears in 2017, the National League will finally adopt the DH. Other ideas, like using an orange baseball for night games were considered silly.

Courtesy of Nancy FinleyCharles O. Finley
Courtesy of Nancy FinleyCharles O. Finley

But, Charles Finley’s biggest contribution to baseball and all sports, is Free Agency. Through his failure during 1974, baseball season to meet certain obligations in Catfish Hunters contract, an arbitrator declaring Hunter, a free agent and his subsequence signing of a five-year contract with the Yankees. Following the 1975 season, a grievance was filed by Andy Messerschmitt of the Dodgers and Dave McNally of Expos, arbitrator, Peter Seitz ruled for the players declaring them free agents. This verdict ended the Reserve Clause that tied players to teams forever. Charles Finley then said what may be his boldest idea “Make Them All Free Agents Every Year”. Marvin Millet opposed this knowing it would it would keep player salaries low and the owners were afraid of the concept.

What was once scared owners and maybe the players is now taking hold in a unique concept, the opt-out after one to three years now being part of bigger contract signings.

It is early in the game, but as the opt-out becomes more attractive in contract negotiations, it will make for some exciting times in player and team moves.

 

 

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