MAJOR LEAGUE BASEBALL: THE LOCKOUT AFTERMATH : THE AGREEMENT
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Highlights of the agreement reached Sunday by major league players and owners:
* Salary arbitration eligibility for 17% of the players with between two and three years of service. Those players must have spent at least 86 days on the roster in the previous season.
* A $100,000 minimum salary for major leaguers, up from $68,000, and a $25,000 minimum for minor leaguers, up from $22,700.
* An annual $55-million contribution by owners to the players’ pension fund, up from $39 million in the last year of the old agreement.
* Either side may reopen the contract on principal economic issues after three years.
* Rosters will stay at 24 players this season, expand to 25 in 1991 and stay that way through expansion.
* The National League will announce a timetable within 90 days for expansion by two teams.
* The union will get triple damages if owners are found guilty of collusion again.
* The deadline moves from January to October for clubs to decide whether to arbitrate with former free agents covered by repeater restrictions. If a club chooses not to arbitrate, the player can become a free agent again without waiting the required five years.
* There will be a six-man study commission on revenue sharing and baseball economics.
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