Major League Soccer and the Major League Soccer Players Association reached a "major breakthrough" in negotiations Tuesday that should avoid a potential lockout, as first reported by ESPN's Taylor Twellman.

The two parties are close to agreeing to economic concessions for 2020 and revised terms to the collective bargaining agreement that would presumably clear the way for the league's proposed tournament in Orlando, ESPN's Jeff Carlisle adds.

The deal would also ease the league's financial shortfall amid the coronavirus pandemic.

The prospect of a lockout surfaced Sunday when MLS reportedly pushed back against the players' proposal to take a 7.5% pay cut rather than accept an 8.75% reduction and opposed the players' demand for a greater share of revenue from broadcast rights.

The most sensitive subject was the force majeure clause, which would allow either side to withdraw from the CBA if there was a catastrophic event.