A lengthy article pertaining to the CBA found on ESPN. While ESPN has been wrong before (I followed the WVU college football saga at length and in detail) and they are just quoting "sources" I'd say ESPN is more credible in general than random twitter speculation. Highlights include
- Negotiations are on hold temporarily, until the conclusion of MLB's quarterly owners meetings on Thursday. But sources said it's possible that negotiations could resume as soon as Thursday evening and could reach a quick conclusion shortly thereafter.
- This deal, however, figures to be especially historic, as baseball positions itself for the 21st century. Among other things, it will pave the way for realignment of the sport into two 15-team leagues, adding a second wild-card team in each league, spreading interleague play throughout all six months of the regular season and making significant changes to the draft, free agency and the so-called "Competitive Balance Tax."
- In recent days, the sides have found ways to come to a meeting of the minds on the last of the major issues that have prevented them from reaching an agreement earlier -- in particular, a plan for curbing spending on the amateur draft and a revamped draft-pick compensation system for teams that lose top free agents.
Details of those changes have yet to emerge. But contrary to reports that compensation picks could be eliminated entirely, some clubs are now saying they've been told to expect that in the future, teams will only have to give up a first-round draft choice if they sign one of a handful of "elite" free agents.
Under the current system, teams are required to give up a top pick in return for signing all "Type A" free agents, as long as their previous club offers them arbitration. Under the new agreement, the formula for classifying players would change to limit compensation only to a select few stars -- i.e., CC Sabathia, but not Grant Balfour. Sources said that some changes in the new agreement would take effect immediately, while others will have to wait until 2012.