News conference tomorrow to announce the new collective bargaining agreement

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The owners and the MLBPA are going to reach a memorandum of understanding on the new five-year collective bargaining agreement today, and they’ve announced that there will be a news conference tomorrow afternoon to make the new labor deal public.

We know most of the larger components already: blood testing for human growth hormone, an increase in the minimum salary to $480,000 and luxury taxes on draftee bonuses and international free agent signings. It also modifies the luxury tax on high payrolls and changes compensation for clubs losing major league free agents.

But mostly this will be a gloat conference. The owners and the union acting justifiably smug for putting together what will, by the time the contract is over, be 21 straight years of labor peace.

And I’m glad they can gloat about it.