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