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Updated: May 6, 2025
It regulates the term of players' contracts and the period for negotiations; it provides a fine of five hundred dollars upon the club violating, and disqualifies the player for the ensuing season; it prescribes the formula necessary to make a "legal" contract; the clubs of each Association are to respect the reservations, expulsions, blacklistments, and suspensions of the clubs of the other; it declares that no club shall pay any salary in excess of two thousand dollars; finally, it provides for a Board of Arbitration, consisting of three duly accredited representatives from each Association, to convene annually, and, "in addition to all matters that may be specially referred to them," to have "sole, exclusive, and final jurisdiction of all disputes and complaints arising under, and all interpretations of, this Agreement."
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