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Major League Baseball owners released new details of a salary cap proposal Thursday that the MLB Players Association says would strip roughly $550 million from player compensation, hardening a divide that makes a work stoppage in December increasingly likely.
The league's official X account framed the plan around a $446 million payroll gap between the highest and lowest team spenders, promising a 50/50 revenue split and the centralization of local media rights — claims the union rejected outright.
With the collective bargaining agreement expiring at the start of December and the regular season at its midpoint, neither side has shown movement toward the middle.
What the Proposal Actually Contains The new terms cap free-agent contracts signed with new teams at five years, with annual salary limited to 15% of the signing club's payroll — a ceiling that rises 5% per year over the contract.
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