Nov 17, 2011, 7:38 PM EDT
Great news, Major League Baseball fans.
According to FOX Sports’ Ken Rosenthal, MLB’s players and owners have reached agreement on a new labor deal that will be officially implemented on Monday and will last for the next five seasons.
Full details of the agreement have not yet been released, but we’re expecting two major changes: an overall spending cap for teams in the amateur draft and a significant shift in the current free agent compensation system. Rumor has it that Type B statuses could be thrown out and that the requirements for achieving Type A status will be revamped.
Some would argue that capping draft spending is bad for the game in that it limits baseball’s ability to lure amateur athletes away from other sports, but labor peace is what’s most important and Major League Baseball will be able to boast 21 straight years of it when they announce this new five-year deal.
Meanwhile, our friends at ProBasketballTalk are covering lockout day No. 140 in the NBA.
- Garrett Richards suffers ugly left knee injury 17
- Giants win protest, will complete rain-halted game at Wrigley Field on Thursday afternoon 30
- Royals might actually know what they are doing 27
- Curt Schilling reveals that he was diagnosed with mouth cancer, blames smokeless tobacco 70
- Clown shoes in Chicago: the Cubs grounds crew couldn’t get the tarp on the field 58
- And That Happened: Tuesday’s scores and highlights 69
- Tony La Russa denies that Kirk Gibson’s job is safe 22
- Pirates activate Andrew McCutchen from the disabled list 2
- Mike Matheny addresses turmoil in Ferguson: “It’s a sad situation. It’s a tough situation for our city” (127)
- Here’s today’s dose of barfy Derek Jeter sentiment (82)
- Let’s speed up the pace of play. But let’s not be gimmicky about it. Let’s just enforce the rules. (74)
- Curt Schilling reveals that he was diagnosed with mouth cancer, blames smokeless tobacco (70)
- And That Happened: Tuesday’s scores and highlights (69)