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Major League Baseball
Saturday, February 27, 1954 (continues)
The financial changes are part of a new eleven (11) year Collective Bargaining Agreement (CBA) being finalized with the newly created Major League Baseball Players Association (MLBPA). When a new contract is negotiated for the 1965 season, Free Agency limits will be dropped to six (6) years of service time for both Major and Minor Leagues.
A new yearly Amateur Draft has also been created to help with a more equitable distribution of players entering the league. The draft will be held in December of each year and will include sixteen (16) rounds. The number of rounds will expand during expansion years. Teams will draft in reverse order of their previous seasons record, allowing for the teams with the worst won – loss records to draft first.
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