MLB players, owners sign agreement
Tuesday, November 22, 2011
NEW YORK (AP) -- Baseball players and owners have signed an agreement for a new labor contract, a deal that starts blood testing on human growth hormone and expands the playoffs to 10 teams by 2013.
The five-year deal collective bargaining agreement, to be announced later Tuesday, makes changes owners hope will increase competitive balance by pressuring large-market teams to rein in spending on amateur draft picks and international signings.
At a time when the NBA season is threatened by a lockout and NFL preseason was disrupted by labor strife, it ensures baseball will have 21 consecutive years of labor peace since the end of the 1994-95 strike.
The deal is the first contract since Michael Weiner replaced Donald Fehr as union leader last year.