MLS and the MLS Players Association came to a tentative agreement Friday on a new collective bargaining agreement, to run through the 2027 season. The agreement ends threats by MLS team owners to start an immediate lockout, which would have put some or all of the 2021 MLS season under threat.
The big concession in favor of the team owners appears to be extending the agreement to 2027, while the players will reportedly get improved free agency terms and improved financial terms over the life of the deal. The new CBA is effectively the third in a year for MLS, which typically goes at least a few years between new agreements.