The following joint statement was issued today by the Major League Baseball Players Association, the Office of the Commissioner of Baseball and the Florida Marlins:

The Basic Agreement requires that each Club use its revenue sharing receipts in an effort to improve its performance on the field. This requirement is of obvious importance to all players, Clubs and fans of the game. In recent years, the Union has had concerns that certain Clubs have not lived up to this requirement, and has consulted regularly with the Commissioner's Office about those concerns. The Florida Marlins are one of a number of Clubs that have been discussed.

After extensive discussions, the three parties are pleased to announce that they have reached an agreement regarding the Florida Marlins' continued compliance with Article XXIV(B)(5)(a) of the Basic Agreement.

MLBPA Executive Director Michael Weiner said:

"In response to our concerns that revenue sharing proceeds have not been used as required, the Marlins have assured the Union and the Commissioner's Office that they plan to use such proceeds to increase player payroll annually as they move toward the opening of their new ballpark. Today's agreement, which covers the period 2010 through 2012, calls for ongoing communication among the Marlins, the Commissioner's Office and the Union as the Marlins proceed with that plan. It also permits, after consultation among all parties, adjustments in the Marlins' plan to respond to unforeseen developments, and calls for arbitral intervention if disagreements arise. We greatly appreciate the willingness of the Commissioner's Office and the Marlins to engage with us and ensure that all terms of the Basic Agreement are met."

Marlins' President David Samson said:

"The Marlins have consistently made every effort to put the best product on the field and our record supports the fact that we have been successful in that regard. Throughout the discussions, the Marlins maintained that there had been no violation of the Basic Agreement at any time. While we know that the Marlins will always comply with the Basic Agreement, we were happy to work cooperatively with the Union and the Commissioner's Office on this matter."

MLB Executive Vice President, Labor Relations Rob Manfred added:

"The Basic Agreement contains confidentiality provisions that preclude the parties from publicly discussing the specifics of the Marlins' finances. There will, therefore, be no comment by any of these parties on any further specifics of this agreement. All three parties agree that the Basic Agreement provision on the proper use of revenue sharing dollars is an important part of our agreement. Today's announcement is the product of a positive dialogue between the MLBPA, the Commissioner's Office and the Club."