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Favorite Things
Owners, players drafting new deal (St. Petersburg Times)
**Times wires**
Friday, November 18, 2011
NEW YORK -- Players and owners have reached a tentative verbal agreement on a
five-year labor contract and hope to have a signed deal by next week.
Negotiators reached an understanding when they met late Thursday at the
InterContinental O'Hare in Rosemont, Ill., the Associated Press reported,
though the agreement is still being drafted.
The sides hope to sign a memorandum of understanding in time to announce the
agreement Monday or Tuesday. The last item to fall in place was the luxury tax
on high-payroll teams.
Under the agreement, a new restraint will be placed on the amount of money a
team spends each year to sign selections from the amateur draft, with teams
going over a threshold being penalized with a type of luxury tax. Also as part
of the deal, players and owners are agreeing to add an extra wild-card round
to the playoffs. The extra round will be one game, winner take all.
**Kemp's $160M is tops in Dodgers history**
LOS ANGELES -- Centerfielder Matt Kemp and the Dodgers staked their futures
together, finalizing a $160 million, eight-year deal that matches the seventh-
highest deal in baseball history.
It's the ...
My Favorite Things - Julie Andrews