The Chicago parties said late yesterday that they had reached a tentative agreement on a three-year contract.
They reached agreement on a contract calling for $265 million in cuts last spring.
The company did not indicate whether the workers would be rehired if agreement is reached on a new contract.
Slaughter, a wide receiver, reached agreement with Houston today on a two-year contract for a reported $2.2 million.
That is one reason Ford is expected to be the last company to reach a deal on a new contract.
If a player did not accept arbitration, his former club has until Jan. 8 to reach agreement on a contract.
Negotiations to reach an agreement on a new contract have failed.
The left fielder and the team, however, are expected to reach agreement on a new contract.
The two sides have since failed to reach an agreement on a new contract.
The team has not been able to reach agreement on a contract with Junkin, who was the fifth choice over all.