MLB lockout: what we know -- a timeline

By Ethan Sanabria and Ben Morse, CNN

Updated 1511 GMT (2311 HKT) February 28, 2022

A view of Los Angeles Angels' Jared Walsh's bats and the tape jobs on the handles before a game.

(CNN)Major League Baseball (MLB) is in the midst of its first work stoppage since the 1994-1995 season.

Owners and players are currently negotiating a new collective bargaining agreement (CBA) — without a new deal, there will be no baseball. The CBA determines players' terms and conditions of employment.Here is a timeline of what we know about the lockout: December 2, 2021: With no CBA between MLB and the MLB Players Association in place, the league implements a lockout.The lockout stops all business including no trades and free-agent signings. A no-trade clause allows players to veto trades to certain teams, while players become free agents «upon reaching six years of Major League service time or when they are released from their organization prior to reaching six years of service time,» according to MLB.com.Read MoreBoth sides issued statements as the lockout was implemented.February 1, 2022: The players' union makes an offer according to MLB.com. The MLBPA lowers its requested pre-arbitration bonus pool from $105 million to $100 million.The union also wants to incorporate an incentive system allowing players to earn more money based on their finish in awards voting and performance — based on statistics like «WAR leaderboards.» «WAR measures a player's value in all facets of the game by deciphering how many more wins he's worth than a replacement-level player at his same position (e.g., a Minor League replacement or a readily available fill-in free agent),» according to MLB.com.MLB has proposed a postseason expanding the first round. Players