Facing a potential lockout, the MLS and MLSPA have agreed to a ratified CBA that will allow the teams to play this summer and avoid further stoppage.
The CBA, originally agreed to in February 2020, has been extended one year until January 31, 2026, with 2020's terms rolling over into 2021, 2021's terms rolling over into 2022, etc.
Per ESPN, players have agreed to an across-the-board 7.5% pay cut that will kick in for the May 31 payroll period. Performance and individual bonuses will be capped at $5 million this season.
"MLS Players today ratified a new collective bargaining agreement, which will run through the 2025 season," the MLSPA said in a statement. "Today's vote also finalizes a plan to resume the 2020 season and provides players with certainty for the months ahead. It allows our members to move forward and continue to compete in the game they love."
With a deal in place, the MLS can go ahead with returning to the pitch beginning with a tournament to be held at the Wide World of Sports Complex at Walt Disney World, coincidentally the same location as the NBA season. Teams are expected to arrive in three weeks, per ESPN.
The MLS season has been suspended since March 12 due to the COVID-19 pandemic. The league returned to individual workouts on May 6, with the Timbers returning for workouts on May 7.
In the original CBA, revenue sharing tied to an expected new broadcasting deal in 2023 had 25% of the $100 million broadcast rights fee be set aside for each team's salary budget. Now, in 2023 it'll only be 12.5% while going back up to 25% in 2024.
The Player's Association while speaking about the new agreement also said they are committed to helping society as much as they can.
"We recognize that we are all moving forward -- as players, as fans, as societies, as a world -- into a future that looks much different than the one we envisioned a few months ago," the MLSPA added. "There are problems we face collectively that are both more urgent, and more important, than competing on the field.
"We are grieving, we are fed up, we expect change, and we expect action. This change won't come on the field, but it will come partly through the force and determination of all who seek justice and equality. We hope our return to the field will allow fans a momentary release and a semblance of normalcy.
"We are committed as a group to doing all that we can -- both as leaders in our sport as well as leaders in our communities -- to help carry our countries, our communities, our league, and our sport forward."