CHICAGO, IL - OCTOBER 29:  MLB Commissioner Rob Manfred laughs during a ceremony naming the 2016 winners of the Mariano Rivera American League Reliever of the Year Award and the Trevor Hoffman National League Reliever of the Year Award before Game Four of the 2016 World Series between the Chicago Cubs and the Cleveland Indians at Wrigley Field on October 29, 2016 in Chicago, Illinois.  (Photo by Elsa/Getty Images)
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Report: Owners, union agree on new collective bargaining agreement

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Update #6 (2:53 AM EST): The new CBA has also reduced the minimum number of days for a player to be placed on the disabled list from 15 to 10 days.

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Update #5 (10:47 PM EST): New major league players will be banned from using smokeless tobacco under the new CBA, per Sherman. Current major leaguers are grandfathered in.

Rosenthal reports that, starting in 2018, the regular season schedule will begin in the middle of the week which will allow for extra off-days throughout the rest of the schedule.

The Athletics will be phased out as a revenue-sharing recipient over the next four years, also per Rosenthal.

A player can now only be given a qualifying offer once in his career. Yeah, Rosenthal.

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Update #4 (10:32 PM EST): MLB.com has officially announced the news.

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Update #3 (9:37 PM EST): ESPN’s Jayson Stark reports that there will still be draft pick compensation. Teams that exceed the luxury tax threshold will lose a second- and fifth-round draft pick. Teams under the threshold will lose a third-round pick.

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Update #2 (9:06 PM EST): Jon Heyman of FanRag Sports reports that while there will be no international draft, international signings will be capped at around $5-6 million per team per year.

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Update (8:55 PM EST): Joel Sherman of the New York Post hears that the new CBA will have a luxury tax threshold starting at $195 million and rise to $210-215 million over the span of the five-year deal. Sherman also hears that the new CBA will have a 60-70 percent penalty for those who go far beyond the threshold, aimed at those with payrolls around $250 million or greater.

Sherman adds that there will be no 26th roster spot as previously speculated. The current 25-man roster with expanded rosters in September will remain.

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With a few hours left before the midnight deadline, the owners and the players’ union have agreed to a new collective bargaining agreement, Ken Rosenthal of FOX Sports reports. The other two possibilities were a lockout and an extension to continue negotiations. Thankfully, this didn’t have to drag on any longer than was necessary.

Jeff Passan of Yahoo Sports reports that the new CBA will span the next five years (2017-21).

More details about the CBA should be coming shortly. We’ll provide updates here when they’re revealed. We do know that the owners reportedly conceded on instituting an international draft. The qualifying offer system was reportedly on the chopping block as well. The owners were also concerned with the luxury tax threshold.

Now that the CBA has been finalized, expect hot stove action to ramp up considerably. Many teams were waiting to see how the new rules would affect their spending.

Blue Jays sign Steve Pearce to a two-year deal

NEW YORK - MAY 09: Steve Pearce #28 of the Baltimore Orioles looks on from the dugout during the game against the New York Yankees at Yankee Stadium on May 9, 2015 in the Bronx borough of New York City. (Photo by Rob Tringali/SportsChrome/Getty Images)
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Buster Olney of ESPN reports that the Blue Jays have signed Steve Pearce to a two-year deal worth $12.5 million.

Pearce, 33 had some health issues in 2016, but he hit .288/.374/.492 across 302 plate appearances when he was on the field and he mashes lefties in particular. Pearce is versatile as well, logging time at first base, second base, right field, left field, and DH in 2016 while splitting time between the Rays and Orioles.

Jung Ho Kang’s DUI arrest was his third since 2009

PITTSBURGH, PA - JUNE 10:  Jung Ho Kang #27 of the Pittsburgh Pirates fields a ground ball in the second inning during the game against the St. Louis Cardinals at PNC Park on June 10, 2016 in Pittsburgh, Pennsylvania.  (Photo by Justin K. Aller/Getty Images)
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Last week Pirates infielder Jung Ho Kang was arrested in South Korea for driving under the influence of alcohol and leaving the scene of an accident. That’s bad, but it turns out that it’s nothing new. The Yonhapnews Agency reports that Kang has been arrested for DUI three times since 2009:

Gangnam Police Station in southern Seoul confirmed that it was Kang’s third DUI arrest, with the three strikes law resulting in the immediate revocation of his license. According to police, Kang had also been arrested for a DUI in August 2009 and May 2011. No personal injuries were reported in either case, though he’d caused property damage in the latter incident.

The report also notes that a companion of Kang initially claimed that he, and not Kang, was behind the wheel at the time of the accident which led to Kang’s arrest last week. It was later revealed by the car’s black box, however, that Kang was driving. So add in some obstruction of justice, whether it is charged or not, to the scene. Police are investigating that.

Between all of this and the fact that Kang is under investigation for an alleged sexual assault in Chicago this past season, a pretty ugly portrait of the Pirates’ infielder is beginning to reveal itself.