Players and owners come to terms on a three-year collective bargaining agreement
On February 25, 1973, Players and owners come to terms on a three-year collective bargaining agreement. The new deal allows teams to open spring training on March 1st. Among the provisions of the agreement are a $15,000 minimum salary, salary arbitration, and the “ten and five” trade rule, which permits a player with ten years in the major leagues, the last five of which are with his current team, to veto any trade involving him.
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