Discussion for a new Collective Bargaining went down to the wire on Wednesday night. And luckily for both the owners and the Players Association, a new CBA was agreed upon almost three hours before the deadline. The new CBA is slated to take place next offseason, but what exactly changed?
Luxury Tax
This offseason, the luxury tax will remain at $189 Million. However, the luxury tax will rise to $195 Million by next season. By the year 2021, the luxury tax will reach $210 Million. The new luxury tax is good news for the big market teams like the Los Angeles Dodgers and the New York Yankees.