The Financial Impact of MLB’s New Collective Bargaining Agreement and Post-Lockout Free Agency Review

After a long and tense few months for Major League Baseball (MLB) during the first work stoppage since the 1994-95 players’ strike, the owners and Players Association finally agreed to a collective bargaining agreement (CBA) after months of negotiation by a vote to approve the new proposal by a 26-12 margin. The new agreement will be in place until 2026 and will enact various modifications for the league both on and off the field.

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MLB Lockout Continues, No End in Sight

On December 2nd, Major League Baseball, again, began a lockout between the league’s owners and the Player’s Association. This means that there will not be any games played until issues are resolved between these two entities. Lockouts are not so uncommon in the world of sports, and this is certainly not a first-time occurrence for the game of baseball. In 1994, the players went on strike, which resulted in no postseason baseball and some players being picked up literally off the street just so the rest of that season could be played.

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