X

MLB Reaches Deal to Avoid Strikes for 5 Years

Contract will make it 26 years of MLB peace
By Newser Editors and Wire Services
Posted Dec 1, 2016 12:12 AM CST
MLB Players, Owners Reach Last-Minute Deal
Major League Baseball Players Association head Tony Clark, left, and Baseball Commissioner Rob Manfred are seen in this photo combo.   (Uncredited)

(Newser) – Baseball players and owners reached a tentative agreement on a five-year labor contract Wednesday night, a deal that will extend the sport's industrial peace to 26 years since the ruinous fights in the first two decades of free agency. After days of near round-the-clock talks, negotiators reached a verbal agreement about 3 1/2 hours before the expiration of the current pact, the AP reports. Then they worked to draft a memorandum of understanding, which must be ratified by both sides. "It's great! Another five years of uninterrupted baseball," Oakland catcher Stephen Vogt said.

story continues below

As part of the deal, the luxury tax threshold rises from $189 million to $195 million next year, $197 million in 2018, $206 million in 2019, $209 million in 2020, and $210 million in 2021, a source tells the AP. There will be a new penalty for signing certain free agents that could affect a team's draft order. There's no change to limits on active rosters, which remain at 25 for most of the season and 40 from Sept. 1 on. Negotiators met through most of Tuesday night in an effort to increase momentum in the talks, which began during spring training. This is the third straight time the sides reached a new agreement before expiration, but a deal was struck eight weeks in advance of expiration in 2006 and three weeks ahead of expiration in 2011. (Read more Major League Baseball stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X