Update: Looks like there has been a labor agreement for baseball.

[thawolfman]

Originally posted by: mpitts
link

I know most people don't care, but I do. I hope this is true, as no one else is reporting it yet.

Where you been, man?

 

[mpitts]

Originally posted by: thawolfman

Originally posted by: mpitts
link

I know most people don't care, but I do. I hope this is true, as no one else is reporting it yet.

Where you been, man?

At lunch.. I started a thread this morning when Fox was stating there was an agreement. I am just glad they have come to terms.

 

[rufruf44]

Originally posted by: mpitts
1PM press conference to state that there has been an agreement.

No contraction until 2006
Phased revenue sharing
etc

w00t! I, for one, am happy.

Dang it!!!......now I've to find that Braves hat and Schiling's vodoo doll again.........

 

[mpitts]

A few more details (pulled from ESPN):

The agreement calls for $258 million to be transferred annually from richer clubs to poorer clubs. The deal will be phased in, with 60 percent being transferred in the first year, 80 percent in the second and full implementation of the $258 million in the third and fourth years.

In an effort to avoid the chaos of this year, when the sides were working without a contract, this deal calls for a rollover of the terms on revenue sharing and the luxury tax to rollover into 2007 if a new CBA still is being negotiated.

Players agreed not to challenge any contraction moves in 2007.