In the proposal the players want a 114-game season that will go from June 30 to October 31. at-risk players will have the opportunity to sit out while retaining their full salary, and any player can sit out and still earn service time. Part of the financial aspect of the proposal include $100 million paid to players upfront during Spring Training, and the potential deferral of salaries if the postseason is cancelled. The deal would also include two years of expanded playoffs.
Jon Herman of MLB Network adds in that players would receive 70 percent of their salary instead of the prorated 51 percent they would've received during an 82 game season under MLBs proposal.
Obviously there is still a long ways to go, but this is a big sign of progress considering some players didn't even want to offer a counter-proposal based on how poorly they received the initial offer.