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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.

Video: Nolan Arenado collects 200th career home run

Nolan Arenado
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The Rockies fell 9-6 to the Orioles on Saturday, but the loss wasn’t without its bright spots. Case in point: Third baseman Nolan Arenado passed a significant career milestone on an Andrew Cashner fastball in the third inning, slugging the ball a projected 394 feet into the left field stands for his 200th career home run.

Arenado is the 34th active player to join the 200+ homer club and the first to do so since the Braves’ Freddie Freeman crossed that threshold on May 19. The three-run shot was the infielder’s 14th of the season and third since Friday, when he went deep twice against Orioles rookie John Means and reliever Shawn Armstrong. Following Saturday’s performance, he’s batting a robust .333/.377/.632 with 30 extra-base hits, 42 RBI, and a 1.009 OPS through 220 plate appearances.

He isn’t the only Rockies slugger making history, either. Arenado’s feat trailed that of Trevor Story, who clobbered an 0-2 pitch from Armstrong during the seventh inning of Friday’s 8-6 win. The two-run blast was his 100th home run in 448 career games, making him the fastest shortstop to reach the mark in MLB history.

The Rockies will vie for the series win as they round out the series on Sunday, with right-hander German Márquez scheduled to take the bump against fellow righty David Hess at 3:10 PM EDT.