The new deal will run through the 2009 MLS season, with its ratification marking approval of the agreement reached between the league and union leadership in November.
Among the key points of the CBA are a rise in players’ minimum salary by 16 percent, elevating to 41 percent by 2009.
There will also be a newly established player retirement plan, and an increase in regular season win bonuses per team - $2,750 for each victory.
Said MLS Commissioner Don Garber: "MLS is proud of the partnership it has formed with its players which has led to this historic agreement for soccer in the United States. We are committed to working side-by-side with our players to continue America's emergence as a soccer nation.”
