MLB owners propose a salary cap for the first time since the 1994 strike that cancelled the World Series
Major League Baseball owners have proposed a salary cap for the first time since 1994, which the players' association has vowed to reject. The proposed cap would limit spending to $245.3 million in 2027, with a payroll floor of $171.2 million. This proposal has sparked concerns about a potential confrontation that could impact the 2027 season and beyond.
- ▪The last time a salary cap was proposed was in 1994, leading to a lengthy strike and the cancellation of the World Series.
- ▪The proposal includes a cap on spending and a payroll floor, which would require some teams to increase their spending.
- ▪Players and union representatives have expressed strong opposition to the cap, viewing it as a means for owners to control costs at the expense of player salaries.
Opening excerpt (first ~120 words) tap to expand
Major League Baseball owners made their long-expected salary cap proposal to the players’ association on Thursday, a system the union has vowed never to accept, setting the sides on course for a confrontation that threatens the 2027 season and perhaps beyond.Recommended Video Baseball owners hadn’t proposed a firm cap since 1994. Their effort prompted a 7 1/2-month strike that forced the cancellation of the World Series for the first time in 90 years. MLB’s proposal would cap spending in 2027 at $245.3 million, using figures for luxury tax payrolls that include $20.1 million for benefits and the pre-arbitration bonus pool. It also would establish a payroll floor of $171.2 million, forcing some teams to spend more.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.