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MED-ARB BASEBALL STYLE
As a follow up to my last post on Med-Arb, I want to describe a new type of Med-Arb gaining popularity:  Med-Arb Baseball Style.  (Okay, I made up that name but it aptly describes this process.)
In Major League Baseball (MLB) if the team and player cannot agree on a contract price, the case goes to a neutral arbitrator and each side presents the Arbitrator with a dollar amount they believe represents a fair, final price and their justification for the price.  (Seems strange to speak of a price for a person, even if he is an awesome baseball player!)  The Arbitrator chooses one of the numbers presented and has no discretion to choose or do anything else.  Both sides have an incentive to be reasonable and give their best number.

Because this is St. Louis and we love our baseball, (and hockey too) this process has spilled over into contract disputes, particularly in the construction arena when disputes arise between general contractors and subs.  The contract (pre…