The MLS Players Association approved a proposal from MLS related to economics in 2020, as well as a modified collective bargaining agreement, the union announced on Wednesday.

The approval of the proposal avoids a lockout that had been threatened by MLSand enables the league to soften the economic impact of the coronavirus pandemic. The league has been shut down since March 12.

"MLS Players today ratified a new collective bargaining agreement, which will run through the 2025 season," the MLSPA said in a statement. "Today's vote also finalizes a plan to resume the 2020 season and provides players with certainty for the months ahead. It allows our members to move forward and continue to compete in the game they love."

The approval now opens the door for the league to return to the field next month with a tournament to be held at the Wide World of Sports Complex at Walt Disney World. (ESPN is owned by the Walt Disney Co.) The teams are expected to arrive in Orlando, Florida, in three weeks.

"We recognize that we are all moving forward -- as players, as fans, as societies, as a world -- into a future that looks much different than the one we envisioned a few months ago," the MLSPA added. "There are problems we face collectively that are both more urgent, and more important, than competing on the field.