From the Washington Post:

Five days before the season opener, MLS and the players' union have struck a deal on a new, five-year collective bargaining agreement. The players had threatened to strike if a new pact couldn't be reached this weekend. With approximately 25 players participating, the sides met all day and night Thursday and Friday at the offices of the Federal Mediation and Conciliation Service in Washington, and announced the deal this afternoon.

..."Going forward, we are going to have a real relationship with the league as opposed to being combative at times, and that's crucial for any league to do well," Los Angeles Galaxy forward Landon Donovan said.

..."This has been a major victory for the process of collective bargaining," federal mediator George Cohen said.

Full article [here].

As a soccer fan, and more specifically MLS, I am glad a strike and/or lock-out was averted.