NEW YORK (AP) -- Baseball management plans to restrict the debt of each major league team, a move that could provoke an angry response from the players' union or even force trades of high-salaried stars.
Commissioner Bud Selig, in a March 7 letter to teams, said they have until June to get in compliance with the rules, which say a team can't have debt higher than 40 percent of its asset value.
Selig's letter said teams could be fined, lose their payments from national broadcasting contracts or even be placed in trusteeship if they fail to comply with the rules.
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