Jeff Passan offers the best analysis so far of the collective bargaining agreement. It seems the union was schooled:

It was a good lesson, too, in the preparedness of MLB, how in the event of something like the international draft falling through, not only did the league have a backup plan but somehow managed to leverage itself into an even stronger position. It’s a lesson Clark and the union won’t forget, not now, not going into 2021, when they’ll try to do the toughest thing in bargaining: get back what once was lost.

Perhaps the next five years do turn out to be a mutually beneficial deal, enough to prevent any of the doomsday scenarios from playing out and reminding the world what baseball looked like amid a labor mess. It was ugly and protracted, but it put baseball in its current position. Corrections can be necessary and beneficial. In the meantime, just enjoy the next half-decade, knowing there will be baseball, and that is never a bad thing.

Early in the article, people are predicting an ugly negotiation in 2021. Maybe. The owners staked out an extreme position that they knew would not go over well, the imposition on an international draft. Then they negotiated a lot of concessions to take it off the table. The union should stake out the position of early free agency, and stick to it until the owners concede some things that give players, even amateurs, more freedom, not less.

It will be tough. MLBAM makes the owners somewhat strike proof. If major league baseball went out of business today, the streaming technology the company created would provided a very nice income stream to the owners without them ever lifting a finger again. The fact is, owners no longer need baseball to make a very comfortable living. That puts them in an excellent position when it comes to making demands.