The fifty-day long baseball strike, wiping out a third of the regular season, is settled when the owners and players agree on a pooling system for the compensation of free agents. The All-Star Game will mark the end of baseball’s first-ever midseason work stoppage.

On July 31, 1981 — The fifty-day long baseball strike, wiping out a third of the regular season, is settled when the owners and players agree on a pooling system for the compensation of free agents. The All-Star Game will mark the end of baseball’s first-ever midseason work stoppage.

Source:
Baseball Reference July 29
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