Termination Pay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Right-hander Phil Bickford was released by the New York Mets on Tuesday after clearing waivers, the second major league player cut loose this month after winning in salary arbitration. The 28-year-old reliever will receive $217,742 in termination pay rather than the $900,000 salary chosen by a three-person panel over the Mets' $815,000 offer. Under baseball's collective bargaining agreement, salaries determined in arbitration are not guaranteed.

Third baseman J.D. Davis was released by the San Francisco Giants on Monday after beating the team last month in salary arbitration and will get just over $1.1 million in termination pay rather than a $6.9 million salary. Davis was awarded the salary by a three-person panel rather than the team's $6.55 million offer. Under baseball's collective bargaining agreement, negotiated contracts for arbitration-eligible players are guaranteed, while salaries decided by an arbitration panel are not.

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