Baseball's owners and players have agreed to a new collective bargaining agreement that should be announced early next week. Here are some details on the CBA, which ensures 21 years of labor peace for MLB:
- There are rumblings that there will be a tax on teams that don't spend enough on their MLB payroll, according to ESPN.com's Jayson Stark (on Twitter).
- Dan Knobler of CBSSports.com reports (on Twitter) that teams can lose future draft picks if they spend beyond the recommended bonuses.
- Several GMs are livid over the restraints on draft spending, according to Ken Rosenthal of FOX Sports. Rosenthal also points out that commissioner Bud Selig, Rob Manfred of MLB and union leader Michael Weiner deserve credit for coming to an agreement peacefully.
- There won't be hard caps for draft choices under the new CBA, according to Jon Heyman of SI.com (on Twitter). However, there will be recommended bonuses and tax implications for teams that go way over the suggested limits.