Multiple Major League Baseball insiders have reported that a new collective bargaining agreement has been verbally agreed to. The deal will extend over five years, giving baseball a 25-year streak without a work stoppage.
Source: MLB and the MLBPA have agreed on a new collective-bargaining agreement. Labor peace in baseball will continue.
— Jeff Passan (@JeffPassan) December 1, 2016
Among the issues reportedly holding the CBA from being agreed upon include a potential international player draft, the luxury tax, length of schedule, and qualifying offers.
First reports are that the luxury tax will begin at $195 million, and rise during the course of the agreement to around $210-$215 million.