Very sad. I don't see how they can even make plans right now. They targeted 42 markets for deletion (or "demotion") but who's to say the 120 markets they consider keepers are all going to make it? Of course that's why MILB is giving in, they have bigger problems. And to fight another year and lose would just make it even harder for the markets that are getting cut.
It looks like MLB has made some concessions, though not without a price.
Now, MiLB and MLB are expected to discuss the parameters of a system where the two sides could work together to ensure that most of the cities that currently have affiliated baseball will have ties to MLB clubs, even if those cities’ teams will not be fielding draftees and signees of the MLB club. It wouldn’t be MLB’s initial proposal, but a system that has been adjusted to give those cities a better chance of having a viable long-term baseball operation.
Such a desire [to survive] may lead MiLB teams to agree to a plan which would allow MLB to take over control of the governance of the minors, a possibility Ballpark Digest first reported last week.