What happened: The seven-year labor agreement took effect for the 2026 season and runs through 2032. It was ratified in March, with the long-form version completed in May.

Why it matters: In-season moves can alter roster depth and playoff positioning during the regular-season stretch run. The revised labor framework adds a new layer to those decisions.

What to watch: Completed transactions and subsequent roster changes will show which clubs chose immediate help over future flexibility.