New York Yankees president Randy Levine made a radio appearance on the Michael Kay Show on Monday afternoon to discuss, what else, Major League Baseball's owner-imposed lockout and the ongoing collective bargaining negotiations. "It's embarrassing to be where we are," he said, less than a week after commissioner Rob Manfred announced the league had canceled the first two series of the regular season.

Predictably, Levine's appearance saw him address two of the issues on which the league and the MLB Players Association have differed the most throughout negotiations: the Competitive Balance Tax and the distribution of money.

Levine said of the CBT that it's "nothing to shut down the season over," and that it's "something that can be compromised." The union's most recent offer, made on Sunday, set the CBT threshold to begin at $238 million next season and climb to $263 million over the duration of the CBA. The owners, who have attempted to gain steeper penalties for crossing the tax line, last offered a $220 million starting point that would slowly increase to $230 million during the course of the CBA.