The five-year agreement runs from February 1, 2020 until January 31, 2024.
The new CBA features the players receiving a share of media revenue for the first time in history in addition to increased investment in player spending, greater salary budget flexibility across rosters, an increase in charter flights and expanded free agency.
“As we prepare to celebrate our 25th season, we are very pleased to finalize a new five-year collective bargaining agreement with our players,” MLS commissioner Don Garber said in a league statement. “This agreement addresses key strategic priorities for the league and our players while also retaining the basic player compensation structure that has been the foundation for the growth and stability of Major League Soccer.”
Bob Foose, who is the executive director of the MLSPA, also released a statement.
“Players have secured an agreement that will substantially change what it means to be an MLS player,” Foose said. “Over the past two years, we have engaged in a substantive, comprehensive negotiation process with the league. We believe that the sweeping changes and increased investment in this agreement will not only be integral to the league’s continued growth, but will also move MLS closer to the systems in place in overseas leagues with which we aspire to compete.”