MLBPA reduces liquid assets after labor deal last spring

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 the 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. The union made $5.26 million in loans to players of $2,500 to $25,000 each during 2022, listed as licensing advances payable over 36 months. The loans were repaid through…