Two weeks after Major League Baseball and the MLB Players Association came to terms on a new collective bargaining agreement, the five-year pact was officially ratified. Every team but the Tampa Bay Rays voted to approve the CBA, while the union’s executive board was said to have unanimously passed it.
Several changes are being implemented under the new CBA, including capping the number of instances in which a player can be extended the qualifying offer to once. What’s more, draft pick compensation attached to a qualifying offer is now based upon the value of the contract that player signs, and if the signing team is over the luxury tax threshold.