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MLB players, owners sign agreement

Updated: November 23, 2011, 11:21 AM ET
ESPN.com news services

NEW YORK -- Baseball players and owners signed an agreement for a new labor contract Tuesday, a deal that makes baseball the first North American professional major league to start blood testing on human growth hormone and expands the playoffs to 10 teams.

The five-year deal collective bargaining agreement makes changes owners hope will increase competitive balance by pressuring large-market teams to rein in spending on amateur draft picks and international signings.

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