Players and owners are in near-agreement on draft-related issues, a source with knowledge of the negotiations told Ken Rosenthal of FOX Sports. A deal could be struck as soon as today or Monday but other significant issues remain, making it possible that the negotiations will stretch into the latter part of the week.
The two sides would like to reach an agreement Sunday or Monday as the general managers’ meetings start Tuesday in Milwaukee, the owners meet Thursday, and the union is holding meetings for agents Monday through Wednesday. The new deal is expected to put a lid on the amount of money teams spend on draft picks and overhaul draft-pick compensation for free agents.
The current deal expires on December 11th but it would be a shock if the two sides did not hammer out a new five-year deal before then. Significant progress was made in the talks last week.