Baseball owners OK labor pact

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NEW YORK -- Owners of the 30 Major League teams have unanimously approved a five-year labor contract with the players' union, commissioner Bud Selig said Friday.

The new deal will allow play to continue uninterrupted through the 2011 season.

"Unanimous approval by the clubs is yet another indicator of the peace and prosperity that exists in the industry," Selig said in a statement.

"This agreement gives us a great opportunity to continue to grow the game in all ways and expand on the golden age of the sport."

The agreement is the longest in baseball history and guarantees the sport will have gone 16 years without a strike or lockout.
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