Five hours after the midnight deadline, Major League players and owners avert a strike by announcing a new four-year basic agreement. The new deal raises the minimum salary from $21,000 to $30,000 and increases the clubs’ contributions to the players’ pension fund, but the major issue of free agent compensation remains unresolved.

ByBaseball

Five hours after the midnight deadline, Major League players and owners avert a strike by announcing a new four-year basic agreement. The new deal raises the minimum salary from $21,000 to $30,000 and increases the clubs’ contributions to the players’ pension fund, but the major issue of free agent compensation remains unresolved.