Major League Baseball plans to hold the 2020 MLB Draft remotely, according to a league-wide memo.

As of now, teams are not allowed to have draft rooms and will do all drafting via video conference. That could change, however, as the draft date approaches.

Day 1 of the draft will be Wednesday, June 10 at 7 p.m. ET and include the first round (37 picks). Rounds 2-5 (123 picks) will begin a 5 p.m. the following day.

Teams will be able to sign an unlimited number of undrafted players for up to $20,000.

Major League Baseball has shortened its 2020 draft to just five rounds, according to sources.

The league's owners were looking to save costs in the wake of the coronavirus pandemic.

The plan will allow teams to sign an unlimited number of undrafted players for $20,000. The draft is expected to begin June 10.

An agreement between MLB and the MLB Players Association in March allowed the league to reduce the draft from its typical 40 rounds to as few as five. The agreement allows teams to delay signing bonuses, with a maximum of $100,000 to be paid within 30 days of a player signing, 50% of the remainder due July 1, 2021, and the leftover due July 1, 2022.

The Major League Baseball Players Association has rejected the latest proposal for the 2020 draft from the commissioner's office.

The players previously agreed to a shortened draft, with five rounds being the minimum.

This time around the league was seeking five rounds at expected slot values, rounds 6-10 with pick slot values of 50%, each team with a maximum of five undrafted free agents for $20,000 and unlimited undrafted free agents at $5,000 or less.