They also agreed that it would not be used in 2000, which the owners proposed as the last year of a five-year agreement.

That plan called for a luxury tax beginning in the second year of a five-year agreement.

Michael Ovitz, only 16 months into his five-year agreement, was out in the cold.

He was in the final year of a five-year agreement that would have expired on June 1.

The players have been without a contract since a five-year agreement expired in 1987.

About 90,000 union members, most of them teachers, are expected to cast secret ballots on the five-year agreement.

Those 2,900 employees remained locked out for 20 months, until a new five-year agreement was reached in the fall of 2000.

The companies also signed a five-year agreement for development, marketing and sales.

The players proposed no tax the first and fifth years of a five-year agreement.

He then negotiated a new five-year agreement on the bases in 1983.