Players, Owners Ratify Collective Bargaining Agreement

SEE ALSO: Players, Owners Agree On New CBA

The new collective bargaining agreement, reached on Dec. 2, has been ratified by players and owners, the two sides announced on Wednesday.

The five-year agreement extends through the 2021 season.

“This agreement allows us to build on the positive momentum from last season and promote a generation of young players who represent the National Pastime extraordinarily well,” commissioner Rob Manfred said in a statement. “We are looking forward to the many opportunities ahead to continue the game’s growth.”

MLB Players Association executive director Tony Clark agreed.

“The players’ involvement during negotiations was both essential and unprecedented, and today’s unanimous vote was the culmination of those efforts,” Clark said in a statement. “I wish to thank and commend not just our Negotiating Committee and Executive Board, but also the hundreds of Players who participated in bargaining preparations and the negotiation itself. This was a team effort from beginning to end.”