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.
- Bryce Harper pulled from Saturday’s game for not hustling 56
- Report: MLB likely to adjust rules for plays at home and transfer catches 16
- Settling the Score: Friday’s results 17
- Giancarlo Stanton sends the Marlins to victory with a walk-off grand slam 22
- Jason Bartlett will retire after 10 years in the big leagues 11
- Hank Aaron is getting vile racist hate mail in retaliation for pointing out that racism still exists (248)
- “They Don’t Know Henry” (167)
- Doug Glanville’s story about being racially profiled at his own home (125)
- There is still a racial divide in baseball (112)
- And That Happened: Tuesday’s scores and highlights (96)