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We have a new CBA: Late-night agreement reached between owners and players’ union

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Provisions in the new deal include changing the All-Star Game to not include home-field advantage, changes to the qualifying offer system, a slightly longer season, and more.

87th MLB All-Star Game Photo by Todd Warshaw/Getty Images

There will be no work stoppage in baseball this year.

Late last night (around 7:45 pm), reports came out that the owners and players’ union reached a new tentative agreement. The new agreement will run through the 2021 season, keeping the game going for the next five years. It still has to be ratified by both sides, but there’s no reason to believe it will not be at this point.

While the official announcement of the new deal is not out yet, we know what many of the new provisions in the new CBA will cover. Here’s what we know so far (most provisions from this article on ESPN unless otherwise linked).

While there are many new provisions in the deal (including many we do not know about yet), here are some of the provisions that didn’t make it.

All of these details are still pending approval from both sides, and there are plenty of more details from the agreement that we won’t know about for a while. However, it’s good to know that for now, baseball will continue uninterrupted.

EDIT #1: Here are the details on draft-pick compensation for teams that lose a player who received a qualifying offer and signs a new deal with another team for $50 million or more. If the team is in one of the smallest 15 markets, they will get a pick immediately after the first round. If the team has exceeded the luxury tax threshold, the pick will be after the fourth round. All other teams would get a pick after the competitive balance round following the second round.

EDIT #2: Jon Heyman has the new details on international pools. Small markets will get $5.75 million to spend, while medium markets get $5.25 million and large markets $4.75 million.