New Labor Agreement Reached

by Matt S.

According to FOX Sports’ Ken Rosenthal, a new labor agreement has been officially agreed upon.

Full details of the new CBA will be announced Monday. The expectation is that hard slotting for the amateur draft will not be implemented, but that some form of an overall draft spending cap might be enforced on teams beginning next June. There will also be significant changes to free agent compensation, with some reports saying that Type B statuses could be completely thrown out. We’ll have to wait until Monday to sort it all out.

Source: Ken Rosenthal on Twitter