Will Carroll and Derek Zumsteg of Baseball Prospectus are reporting that Pete Rose will be allowed to return to baseball next year:

Pete Rose and Major League Baseball have reached an agreement that would allow him to return to baseball in 2004, and includes no admission of wrongdoing by Rose, Baseball Prospectus has learned. According to several sources, Rose signed the agreement after a series of pre-season meetings between Rose, Hall of Fame member Mike Schmidt, and at different times, high-level representatives of Major League Baseball, including Bob DuPuy, Major League Baseball's Chief Operating Officer, and Allan H. "Bud" Selig, Commissioner of Major League Baseball.

The agreement includes removal of Rose from baseball's permanently ineligible list. This would allow Rose to appear on ballots for baseball's Hall of Fame, which bars such banned players from consideration. The agreement allows Rose to be employed by a team in the 2004 season, as long as that position does not involve the day to day operations. That employment restriction would be removed after a year, allowing Rose to return to managing a team as early as the 2005 season if a position is offered to him.

Wow. Nice scoop, fellas. Think this will generate a stir? Duck and cover.