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MLB teams spend millions on free agents, but also prepare for lockout

IRVING, Texas — If Wednesday evening’s collective bargaining agreement deadline spurred the same frantic behavior clubs and free agents have exhibited the past couple of days, Major League Baseball and the players union would have reached an agreement months ago.

Instead, while there have been more than $1.6 billion in guaranteed contracts handed out in the past month, including nearly $1 billion in the past 24 hours, the clock is ticking towards an industry shutdown at 11:59 p.m. ET Wednesday.


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