2016 – Major League Baseball owners and the Players’ Association agree on a new five-year Collective Bargaining Agreement. Highlights of the deal include: a raise in the threshold for luxury tax payments to $195 million in 2017, gradually rising to reach $210 million in 2021; the All-Star Game will no longer determine home field advantage for the World Series; and teams will no longer forfeit a first-round pick in the amateur draft if they sign a premium free agent. There is no agreement on instituting an international draft; instead, teams will have an annual $6 million bonus pool limit for international signings. The deal ensures that labor peace in MLB will have exceeded a quarter of a century by the time the agreement expires.

 

On November 30, 2016 — 2016 – Major League Baseball owners and the Players’ Association agree on a new five-year Collective Bargaining Agreement. Highlights of the deal include: a raise in the threshold for luxury tax payments to $195 million in 2017, gradually rising to reach $210 million in 2021; the All-Star Game will no longer determine home field advantage for the World Series; and teams will no longer forfeit a first-round pick in the amateur draft if they sign a premium free agent. There is no agreement on instituting an international draft; instead, teams will have an annual $6 million bonus pool limit for international signings. The deal ensures that labor peace in MLB will have exceeded a quarter of a century by the time the agreement expires.

 

[jetpack_subscription_form title=”Subscribe to This Day In Baseball” subscribe_text=”Get our latest Posts in your in box” subscribe_button=”GO” show_subscribers_total=”0″]

This Day In Baseball on Patreon
Own this Day and Be Part of Baseball History

Sources:

SABR Games Project
SABR Games Project
Hall of Fame
National Pastime November 30
Replay The Game
Retro Sheet

Daily Rewind - Baseball History delivered daily

* indicates required

Baseball is the only game you can watch on the radio. Join the community today and listen to hundreds of broadcasts from baseball’s golden age.

Lets go! Start listening!

Start Listening today!
Share the Post:

Related Posts

A brawl breaks out in the 3rd inning of a game between the St. Paul Saints and the Minneapolis Millers in the American Association. The Millers’ Hughie McMullen grounds out to first base, and spikes P Huck Betts, who is covering the bag. Betts replies by firing the ball at McMullen’s head in retaliation, but misses him; however, reserve infielder Sam Bohne, who is coaching at first base, enters the fray by punching Betts, and both dugoutsempty and a free-for-all ensues. Reporter George Barton describes it as “the most vicious affair ever witnessed at Nicollet Park.”
Read More
July 4, 1929
Mariners outfielder Ichiro Suzuki records the first inside-the-park home run in All-Star Game history when he hits Chris Young’s fastball into deep right-center field at San Francisco’s AT&T Park. The fifth inning blast caroms off the park’s quirky configuration and continues to bounce away from NL center fielder Ken Griffey Jr., allowing the American League leadoff hitter, who will be named the game’s MVP, to complete his way around the bases for the historic round-tripper.
Read More
July 7, 2007
Load More
Start Listieng to Classic Baseball Broadcasts (1934 - 1973)

Start Listieng to Classic Baseball Broadcasts (1934 - 1973)

Enjoy our free trial and start listening to games, interviews and shows! Ruth, Mantle, Aaron, and Seaver!

$9.99/month
$99/year
class="wp-singular post-template-default single single-post postid-124322 single-format-standard wp-custom-logo wp-embed-responsive wp-theme-kadence wp-child-theme-kadence-child logged-out footer-on-bottom hide-focus-outline link-style-standard content-title-style-normal content-width-normal content-style-unboxed content-vertical-padding-show non-transparent-header mobile-non-transparent-header kadence-elementor-colors elementor-default elementor-kit-193430 elementor-page-193959"