The 2020 MLB draft will be just five rounds, according to ESPN's Jeff Passan and ESPN's Kiley McDaniel.
The MLBA and MLBAPA underwent negotiations on a potential 10-round draft, but could not reach an agreement on the proposal. According to ESPN, the possible 10-round proposal prevented teams from using slot money from rounds six through 10 to compensate players in rounds one through five and additionally limited the number of undrafted players teams could add.
Per ESPN, all players who go undrafted in the 2020 draft will be eligible to sign for a maximum of $20,000.