THIS IS BREAKING NEWS....
Major League Baseball and the National Association of Professional Baseball Leagues (NAPBL) have reached an agreement on a new six-year Professional Baseball Agreement (PBA), extending through the 2020 season, it was announced today.
The NAPBL leagues unanimously approved the agreement in January, followed by the unanimous approval of Major League Baseball owners.
âMajor League Baseball is very happy to continue its partnership with Minor League Baseball,â said Baseball Commissioner Allan H. (Bud) Selig. âNearly 115 million fans attended Major League and Minor League games last season, and the security of this agreement will allow us to build on the prosperity that our game has achieved.â
âMinor League Baseball is extremely proud of its relationship with Major League Baseball,â said Pat OâConner, President of Minor League Baseball. âThe extension of the Professional Baseball Agreement ensures the future of professional baseball through the end of the decade. I would like to thank Commissioner Selig for his leadership and support in ushering this agreement to fruition. The Major League owners have shown great confidence in our relationship by agreeing to this extension, and the cooperation, hard work and diligence of Jimmie Lee Solomon in spearheading the efforts of the Office of the Commissioner exemplifies the trust of our relationship.â
The agreement guarantees that Major League teams will field at least 160 National Association teams through the life of the extension by means of Player Development Contracts (PDC) and/or ownership of National Association teams.
According to both MLB and MiLB, the extension continues many aspects of the previous contact, which was reached in 2005 and extended through 2014. Both parties will remain committed to ongoing efforts to improve player development, fan experience and the business stability of Minor League Baseball.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
Follow Maury Brown on Twitter
Follow The Biz of Baseball on Twitter
Follow the Business of Sports Network on Facebook