If there is going to be a baseball season this year, one of the biggest hurdles that has to be decided is what the finances will look like for the league.

Revenue is obviously going to be down no matter how you slice it, as a large portion of the schedule is going to be removed and fans are not expected to be allowed at games for most, if not all of the season. With that being said, there are still television dollars to be had and everyone will benefit from getting some games in this year.

Still, the question remains how much players will make, as all negotiations have to be collectively bargained between the MLB Player’s Association and the owners. Owners anticipate paying the player’s a reduced salary to mitigate some of their own losses, whereas the players are obviously looking to get as much of their guaranteed contracts as possible.

According to a report by the Athletic’s Ken Rosenthal, the first step of that process is complete, as the owners have agreed to a proposal to send to the MLBPA, with a meeting between the two sides set to take place tomorrow.

The full details of this proposal have not been made public just yet, but it is encouraging to see that the owners have agreed to some plan on how to restart the 2020 season. Reports have indicated that Fourth of July weekend is a target date to start the season, with spring training 2.0 set to take place in the middle of June.

The season will likely be cut in half, with games preferably being played at team’s home ballparks. To limit travel, speculation is that a majority of the schedule would take place within divisions or with their interleague counterparts (ie. NL East and AL East).

With all that being said, owners could be trying to prorate salaries based on games played, which could cut player’s pay in half. Ironing out those details, as well as the health risk involved with playing the season leaves a lot to still be negotiated between the MLB and the MLBPA.

The owners have at least established and approved a plan to send to the players, but an agreement is far from imminent at this time.