In 1987, the players went on strike during negotiations over a new pact.
Both sides have from April 1 until then to work out a new pact.
The financial terms of the new pact were not announced.
It is reported that a new pact for five years would increase his yearly pay to about $1.4 million.
What if he wouldn't agree ahead of time to a new pact?
Another star, also seeking a new pact, may be close to signing.
But Congress has no power to block the new pact.
The new pact is less dramatic than many American companies had hoped it would be.
American negotiators said the new pact would probably run five years.
Davis said today that he could sign a new pact at any time.