What happened: According to ESPN, Major League Baseball's opening labor framework focuses on an overhaul of the sport's compensation structure. The initial negotiating platform includes multiple mechanisms aimed at controlling player payrolls.

Why it matters: Implementing a cap represents a fundamental shift in the league's long-standing economic model. In a parallel public relations push, MLB began airing a 'Level The Playing Field' messaging campaign across television and social platforms.

What to watch: The players association will review the framework as the two sides exchange formal counteroffers.