MLB Lockout Ends After Collective Bargaining Agreement Reached, Opening Day Scheduled for April 7

The Major League Baseball lockout has ended after a collective bargaining agreement was met between the MLB and the players union. With that, opening day will be on April 7th and spring training camps will be opened this Sunday. In a news release, the players union said some of the components of the new agreement include significant increases to minimum salaries, significant increases to the payroll thresholds applicable under the competitive balance tax, commonly called a luxury tax, amendments to the MLB draft order designed to deter tanking by teams that won’t make playoffs, expanded postseason to 12 teams, enhanced revenue streams through jersey and helmet sponsorships and improved benefits for former players. With the deal, fans can expect a number of free agent signings in the upcoming days and some teams will be making trades.