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You are here: Home / News / MLB Owners Agree on Deal

MLB Owners Agree on Deal

September 6, 2002 By admin Leave a Comment

It’s now up to the players. Major League owners agreed 29-1 to ratify the labor agreement. George Steinbrenner provided the only no vote. The new deal has to be approved by the players to take affect. The labor agreement will increase local revenue sharing from 20% to 34 % and would also institute a luxury tax. The deal includes drug testing and worldwide draft.

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