Major League Baseball labor agreement details

NEW YORK — Details of the memorandum of understanding agreed to Thursday by Major League Baseball and the Major League Baseball Players Association, as obtained by The Associated Press. For a free agent who had spent the entire season with one team, there would would be four compensation tiers based on: — $25 million in guaranteed salary or $18 million average annual value — $55 million or $23 million AAV — $100 million or $30 million AAV — $150 million or $40 million AAV SALARY ARBITRATION No change PRE-ARBITRATION BONUS POOL A new bonus pool established for those not yet eligible for arbitration, who will split $50 million, which will count equally among the 30 teams for the luxury tax. SERVICE TIME A full year of major league service will be credited to players who finish first or second in Rookie of the Year voting in each league by the Baseball Writers’ Association of America, as long as they are among the top 100 prospects by two or more of Baseball America, ESPN.com or MLB.com and did not spend the full season on the big league roster. PROSPECT PROMOTION INCENTIVE A team is eligible for Prospect Promotion Incentive draft picks if a rookie-eligible player with 60 days or fewer of major league service who is included on a preseason top 100 prospect list by two or more of Baseball America, ESPN.com or MLB.com is promoted and finishes high in award voting in any year before he is eligible for arbitration. The team would get an amateur draft pick for a Rookie of the Year or a top three in MVP or Cy Young, and an international selection if second or third in Rookie of the Year, or fourth or fifth in Cy Young.