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The baseball march agreement, also known as the Major League Baseball Collective Bargaining Agreement (CBA), is a crucial document that outlines the rules and regulations governing the relationship between Major League Baseball (MLB) and the Major League Baseball Players Association (MLBPA).

The CBA is renegotiated every five years, and the most recent agreement was signed in December 2016, lasting through the 2021 season. The negotiations are typically lengthy and complex, as both MLB and MLBPA try to balance their respective interests and ensure a fair deal for all parties involved.

One of the key components of the CBA is the revenue-sharing system, which determines how much money is distributed among teams both through the league-wide revenue pool and local revenue. Additionally, the CBA defines the salary arbitration process, the draft, free agency, and drug testing policies, among other things.

The most recent agreement presents several changes to the previous CBA. One of the most significant changes is the luxury tax threshold, which determines the amount of money that teams can spend on player salaries without incurring a penalty. The threshold has been raised significantly, allowing teams to spend more money without facing as harsh of a penalty.

Another significant change is the introduction of a draft penalty for teams that exceed the luxury tax threshold. The penalty includes a reduction in draft picks and international signing money. This change aims to encourage teams to stay under the luxury tax threshold and promote competitive balance among the league.

Furthermore, the CBA extends the collective bargaining agreement through 2021 and includes provisions to address the health and safety of players, such as the implementation of a new program to address the opioid crisis.

In conclusion, the baseball march agreement is a crucial document for the MLB and MLBPA that outlines the rules, policies, and regulations governing their relationship. The 2016-2021 CBA includes several changes, including modifications to the revenue-sharing system and the luxury tax threshold. With the CBA in place, both parties hope to promote competitive balance and ensure the success of Major League Baseball for years to come.