Our long national nightmare is over: we have a deal. Major League Baseball and the Major League Baseball Players Association have signed a new Collective Bargaining Agreement. For another blessed five years, at least, we won’t have to worry about a CBA-related work stoppage.
In addition, the players achieved some notable gains, not the least of which is the increase in minimum salary, which was set at $570,000 and scoots all the way up to $700,000 this year with yearly increases of $20,000. Additionally, there’s a league-wide bonus pool of $50 million that will be distributed among pre-arbitration players, effectively sending even more money to young players.