As Major League Baseball and the players' association prepare to enter the offseason on an expiring collective bargaining agreement, the league and union reportedly have already begun discussing ways to adjust service-time rules related to free agency.

According to Joel Sherman of the New York Post, the two sides met in Denver on Aug. 16 with the league proposing a formula to disperse $1 billion to all arbitration-eligible players and create universal free agency for those over the age of 29.5.