Major League Baseball players and owners reached an agreement on a new labor deal, ending a months-long lockout.
Owners are scheduled to vote on the deal at 6 p.m. ET, the source said, and spring training camps should open Sunday.The prior collective bargaining agreement -- which determines players' terms and conditions of employment -- expired in December and owners of the league's 30 franchises then locked out players.That kept players off team property and no teams or players were allowed to sign new contracts or conduct trades.Visit CNN.
com/sport for more news, features, and videosRead MoreAt issue were disagreements over how to distribute an estimated $11 billion in annual revenue. Owners have said they have been battered by shrinking attendance, and players -- particularly those who are not among the stars of the league -- have seen salaries decline in recent years.The MLB schedule comprises 162 games with the season originally scheduled to begin March 31.
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