What happened: MLB proposed starting a $258.2 million salary cap and a $180.2 million floor in 2028 rather than sooner, with the current CBA set to expire Dec. 1. The league also said it would accept the players' association proposal that players 30 and older reach free agency after five years of service, and it would eliminate the qualifying offer.

Why it matters: The players' association has voiced vehement opposition to a salary cap, leaving the sides headed toward a December lockout. By MLB's math, eight clubs over the cap would shed a combined $528 million and 12 clubs under the floor would add $636 million.

What to watch: The players' association's response to the 2028 timeline is the next marker before the Dec. 1 expiration.