After nearly twenty years of labor wars, MLB players and franchise club owners managed to reach an agreement for the next coming years.

Both sides managed to put aside their long history of bitter negotiations in order to announce a tentative agreement on a five-year contract. It will be the first time that players and owners reached an agreement before the expiration of the current deal.

The agreement has been struck in New York between Friday night and Saturday. But the agreement is still subject to the sides putting the deal in writing. The current deal is scheduled to expire on Dec. 19th. This current was signed in 2002, just a couple of hours before players were set to strike. The contract signed in 2002 was the first deal achieved without a work stoppage since 1970. For the new contract, players and owners managed to do even better agreeing on the terms of a deal before the expiration of the previous contract. The agreement is set to be finalized in writing by Monday or Tuesday. Commissioner Bud Selig would then make the final announcement in St. Louis for the World Series.

Baseball has a long history of strikes. Since 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 not less 7 months. Consequences were huge. The World Series were cancelled for the first time in 90 years and it took years to teams to rebuild attendance in stadiums.

The new deal took most of its content from the current agreement including minor changes related to revenue sharing and the luxury tax. The large influx of money helped produce an agreement mores smoothly this time. Indeed MLB league teams drew a record 76 million fans this year. According to Commissioner Bud Selig the sport will yield $5.2 billion in revenue this year, up from about $3.6 billion in 2001. As for the players their salary will be about $2.7 million this year compared to $2.3 million in 2002 or 1.1 million in 1995. The average probably will reach the $3 million mark in the two coming years.

About the writer: Nigel Kerry is an American free lance writer born in Los Angeles, California. Kerry writes among others for Sportus.com - Sportsbook reviews, UsBookies.com - Sports Betting Online and Get-best-mortgage-loan.com - Mortgage lenders, get the best mortgage loan

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