Baseball's trade season is about to get a major facelift.

Major League Baseball and the MLB Players Association have agreed to eliminate the August waiver trade period in favor of a single non-waiver trade deadline day for all transactions on July 31, sources told Ken Rosenthal of The Athletic. The deadline-day change, one of several rule changes expected to be ratified by both the league and union after extensive negotiations this spring, will take effect this season.

It was the players' association that proposed unifying the separate deadline days, in part to "protect the competitive integrity of the" season, according to Rosenthal.

Under MLB's current trade rules, any players involved in a trade during the month of August must first clear revocable trade waivers, a lengthy process that is regulated by a convoluted set of rules. Many notable players have been dealt after passing through August waivers, including Justin Verlander in 2017.