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New CBA is agreed to, per report

Ken Rosenthal says the players and owners have agreed to a new Collective Bargaining Agreement

MLB: World Series-Chicago Cubs at Cleveland Indians Charles LeClaire-USA TODAY Sports

An agreement on a new Collective Bargaining Agreement has been reached, according to Ken Rosenthal on Twitter. The MLBPA and MLB have been negotiating the new deal for a while, and with the current deal set to expire at midnight tonight, it appears the final issues have been ironed out.

The international draft appears to have been a major sticking point for some time, with owners expected the union to cave on that in exchange for lessening the penalties for signing major league free agents. However, the players association has been surprisingly firm on the issue, with multiple foreign players -- including 22 year old Ronald Guzman of the Rangers — appearing to speak against it.

With owners backing off on the international draft and giving on free agent compensation, the other major stumbling block appeared to be related to the luxury tax. That said, with as much money as there is in the game right now, and as much success as the league has had, it was expected that the players and the owners would get this resolved with a work stoppage.

UPDATE — Some highlights of the deal, per reports, include a gradual rise in the luxury tax threshold, with tax rates increasing at various incremental levels, and only teams over the tax threshold forfeiting a draft pick (which would be after the first round) for signing a compensatory-level free agent.

While there’s no international draft, there will reportedly be a hard cap on the bonuses to be paid to international free agents.

And despite reports that indicated that rosters were expected to go to 26, up from the current 25, the active roster limits are still the same — 25 until September 1, and then 40 in September.