NEW YORK (AP) — Players have voted to accept Major League Baseball's latest offer for a new labor deal, paving the way to end a 99-day lockout and salvage a 162-game regular season.

The union's executive board approved the agreement in a 26-12 vote, pending ratification by all players, a person familiar with the balloting said, speaking to The Associated Press on condition of anonymity because no announcement was authorized.

MLB sent the players an offer Thursday and gave them until 3 p.m. to accept in order to play a full season. The deal was still pending approval by MLB's owners.

If approved, the regular season could start as soon as April 7.

According to info from MLB.com, the new five-year CBA is expected to include increased minimum salaries, a new pre-arbitration bonus pool to reward the top young players in the game, a raise in competitive balance tax thresholds, the introduction of a universal designated hitter, the widest-ranging Draft lottery in pro sports, a system to prevent alleged service-time manipulation, limits on the number of times a player can be optioned in a season and a 12-team postseason. There will also be the evaluation of an international Draft.

More From 106.5 The FAN