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This is a huge move by the union and owners. This marks the 1st time in a while they agreed to something without help from someone else. Im really happy for baseball right now.While baseball had eight work stoppages from 1972-95, the new deal guarantees labor peace through the 2011 season.
"Everybody's pretty happy with the industry. In baseball, everybody's making out pretty well," Cardinals reliever Jason Isringhausen said.
Since baseball's first labor contract in 1968, there have been strikes in 1972, 1980, 1981, 1985 and 1994-95, and management lockouts in 1973, 1976 and 1990. The last strike lasted 7 1/2 months and wiped out the World Series for the first time in 90 years, and for many teams it took years to rebuild attendance.
Most of the key provisions of the current contract will be continued with minor modifications, such as revenue sharing and the luxury tax. With the luxury tax set to expire on Dec. 19, there was pressure on management to make a deal to ensure that the 2007 season would be played with the tax in place.