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Baseball strike looks imminent

Major League Baseball's (MLB) owners and players failed to reach an agreement yesterday despite efforts by both to resolve the ongoing dispute over imposing a luxury tax on richer clubs and introducing a revenue sharing scheme.

According to insiders, both sides were no closer to a deal which makes next week's threatened player strike almost inevitable.

Management lawyer Rob Manfred made a new revenue-sharing offer to the players. "Our purpose in terms of the revenue sharing and the tax is to take money, redistribute it among the clubs, and place some sort of a speed bump on the very highest payroll," Manfred said.

But Donald Fehr, the chief of the players' union, sent a memo to every Major League player warning that owners' revenue sharing and luxury tax proposals would result in huge financial losses for richer clubs such as the New York Yankees.

In the memo, obtained by USA Today