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.
- Settling the Score: Friday’s results 19
- Clayton Kershaw wins his 20th game of the season 9
- Why are so many people acting like Bryce Harper is a bum? 79
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned 89
- And That Happened: Thursday’s scores and highlights 72
- VIDEO: Derek Jeter hits first home run at Yankee Stadium this season 11
- Ron Washington claims he resigned because he cheated on his wife 103
- No, baseball does not need to “announce a domestic violence policy ASAP” 52
- Geddy Lee’s baseball obsession makes it really hard for me to hate Rush (108)
- Ron Washington claims he resigned because he cheated on his wife (103)
- It certainly looks like Barry Bonds’ criminal conviction is going to be overturned (89)
- And That Happened: Tuesday’s scores and highlights (83)
- Umpire ejects jackwagon fan heckling Bryce Harper in Atlanta last night (82)