Five More Years

The new collective bargaining agreement (CBA) appears to be in place:

Major League Baseball’s players and owners have agreed on a new collective bargaining agreement, sources tell MLB.com’s Richard Justice. The new agreement calls for a five-year deal, according to multiple reports. Neither side has confirmed a new agreement is formally in place, but representatives from both camps emerged visibly pleased and shook hands in public view nearly four hours before Wednesday night’s deadline.

Players and owners had until 11:59 p.m. ET to reach a deal. After that, both sides would have had to agree to an extension or the owners could have imposed a lockout.

The structure of the deal is in place with details to be finalized. A memorandum of understanding will be drafted, which then must be ratified by both sides.

Good news and not surprising. The acrimony that existed during the first three decades of the union have greatly dissipated over the years as the owners who knew and loved the reserve clause died off. We’ll wait for the details, but baseball will go on uninterrupted for another five years.

from baseballmusings.com http://ift.tt/2gKNYZn