According to multiple reports, Major League Baseball and the Players Association have agreed to a deal regarding how to handle a potentially shortened season due to the coronavirus pandemic.
Per ESPN's Jeff Passan, the players have already voted to approve the deal, and since they were working off of a counteroffer from the league, it's expected that the league will ratify the agreement on Friday.
According to Ken Rosenthal of The Athletic, players will receive an advance of $170 million spread out over two months, and salries will then be pro-rated based on how many games are actually played in the 2020 season.
Also of importance is that once the new deal is ratified on Friday, a transaction freeze will be put in place, meaning teams cannot make roster moves until the freeze is lifted at an agreed-to date, per The Athletic's Evan Drellich.
The new deal will also play a role when it comes to players' service time and free agency. If the 2020 season is shortened significantly, or even if it's canceled entirely, players will still receive a year of service time if they are active or on the Injured List for any part of the 2020 season, receiving the same service time for the new season as they did in 2019.
Meanwhile, the 2020 MLB Draft will still take place, per The Post's Joel Sherman, with MLB having the rights to hold it to no fewer than five rounds.