Just hours before the old agreement was to expire, MLB announced that it had reached terms on a new Collective Bargaining Agreement (CBA) with the Major League Baseball Players Association.
Months of negotiations had intensified in recent days as the expiration of the old agreement approached at midnight today. Enough progress had been made that notification of a deal was made public.
The next formal step in the process is that a “memorandum of understanding” will be drafted. This document will need to then be ratified by membership on both sides.
While full details of the new CBA will likely not be released to the public for weeks or months, some of the highlights have already leaked out.
