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.
- The Marlins are going to change everything except their biggest problem this offseason 43
- Drooling over Miguel Sano’s incredible numbers through 50 career games 33
- Matt Williams puts up another strong performance in his quest to get himself fired 103
- Settling the Scores: Tuesday’s results 81
- Yankees reveal Mark Teixeira’s shin injury is “more than we thought” 16
- There’s a chicken pox outbreak in the Royals’ clubhouse and multiple players are infected 28
- Shoeless Joe Jackson is not being reinstated 67
- And That Happened: Monday’s scores and highlights 66
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (266)
- Matt Williams puts up another strong performance in his quest to get himself fired (104)
- Why Mike Mussina keeps getting hosed in the Hall of Fame voting (89)
- And That Happened: Thursday’s scores and highlights (87)
- Settling the Scores: Tuesday’s results (81)