The MLB owners have proposed a firm salary cap and floor in their latest negotiations with the Players' Association, a significant move not seen since the 1994 strike.
Owners Propose Salary Cap and Floor
Under the proposal, each team would be required to maintain a minimum payroll of $171.2 million, with a maximum payroll of $245.3 million. This marks the first firm salary cap proposal from owners since the 1994 strike, which famously led to the cancellation of the World Series.
League spokesperson Glen Caplin stated that the proposal aims to "level the playing field and share revenue equally with players." The offer comes just one day after the Players' Association proposed a soft cap and an increase to the minimum salary.
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