Following nearly a quarter century of labor wars, baseball players and owners will have 16 years of peace. They set aside their long history of bitter negotiations to reach a tentative agreement on a five-year contract, the first time the sides have achieved labor peace before their current deal expires. The agreement was struck during bargaining in New York on Friday night and Saturday, and is subject to the sides putting the deal in writing, a person with knowledge of the negotiations said on Sunday.
See "Players, MLB Owners Reach New Labor Deal", Ronald Blum, San Francisco Chronicle, October 22, 2006