MLB lockout likely as league halts last-

At 11:59 p.m. ET on Wednesday, baseball's collective bargaining agreement -- the contract that allows MLB and the MLB Players A sociation to conduct busine s -- will expire, at which point the owners are expected to lock out the players. It will be baseball's first Tyree Jackson Jersey work stoppage since the 1994-95 players' strike. . and the MLBPA held last-minute bargaining se sions this week near Dallas and, on Wednesday afternoon, the league informed the players negotiations are done for the day, . That means a new agreement will not be reached prior to midnight."Hearing the tone in negotiations, the lockout seems like that's a very likely scenario, let's say that," .On Monday,, and on Tuesday, the MLBPA walked MLB through their latest proposal. The two sides met again Wednesday for final talks. Here are a few items in the MLBPA's latest proposal, :Free agency at age 29 1/2 or after five years of service time, whichever comes first.Players become arbitration-eligible after two seasons rather than Terrell Owens Jersey three.Expanded 12-team postseason with leagues realigned to two divisions each.Luxury-tax threshold raised from $210 million to $240 million.Advertising patches on uniforms.MLB, meanwhile, offered to increase the luxury-tax threshold to $214 (peaking at $220 million) and a rolling implementation of a new method for determining Javon Hargrave Jersey free agency, : Some details: MLB offered to raise 1st luxury tax tier to $214m, peaking at $220m MLBPA free agency proposal:Year 1 of deal, no change, 6 years service to become FAYears 2-3: 6 yearsor if age 30 1/2 5 years of serviceYears 4-5: 6 yearsor if age 29 1/2 5 years service Evan Drellich (@EvanDrellich) Ultimately, money will determine when a new CBA is reached. Baseball is a $10 billion a year busine s and how that $10 billion is distributed will be at the core of the lockout. There are other matters to resolve (rule changes, etc.) and those are important too, but money is the single biggest i sue. The lockout will not end until the money i sue is resolved.Reports indicate MLB and the MLBPA are still very far apart on economic matters, so far apart that reaching a new CBA prior to the expiration of the current CBA on Wednesday is Davion Taylor Jersey seen as a long shot at best. , among other things.Once the lockout begins, MLB is expected to implement a transactions freeze, halting all transactions involving 40-man roster players (i.e. union members). . Players want to lock in their payday before the lockout brings weeks (months?) of uncertainty. The lockout will be MLB's Avonte Maddox Jersey first work stoppage since the 1994-95 strike and the fourth lockout in baseball history. The three previous lockouts occurred in 1973 (lasted 12 days), 1976 (13 days), and 1990 (32 days) and did not result in any regular season games being postponed or canceled.