San Francisco - StubHub, an online ticket marketplace and unit of eBay, announced on Thursday that it has signed an exclusive five-year deal to become the official secondary ticket marketplace for Major League Baseball.

Financial terms of the deal were not disclosed.

Starting with the 2008 season, StubHub and MLB will share in revenue generated when fans sell their unwanted tickets to one another on MLB.com and all 30 individual baseball team sites.

"We believe this agreement reflects our commitment to providing dynamic platforms for fans to purchase tickets in authorized locations in the digital arena," said Bob Bowman, president and CEO of MLB Advanced Media.

"Secure, simple and fan-friendly. Those are the hallmarks of this national destination for all of our fans."

Related Links:
http://www.stubhub.com/sites/corpsite/?gsec=news&gact=press&article_id=5510

http://tinyurl.com/2ma9z9 (N.Y. Times)

http://www.mlb.com