"Baseball negotiators are on the verge of a new labor deal that will dramatically alter the landscape of the sport, multiple sources told ESPN.com on Tuesday.

Two sources with knowledge of the negotiations gave almost identical descriptions of those discussions Tuesday, one saying that a deal was "within striking distance" and a second saying that the sides were "on the verge of an agreement."

Negotiations are on hold temporarily, until the conclusion of MLB's quarterly owners meetings on Thursday. But sources said it's possible that negotiations could resume as soon as Thursday evening and could reach a quick conclusion shortly thereafter."