Major League Baseball owners proposed a salary cap and a $171.2 million payroll floor to the players' union on Thursday. The proposal marks the first firm salary cap proposal from ownership since 1994.
The owners' proposal was submitted as part of negotiations for the next collective bargaining agreement between MLB and the players' union. The offer includes a hard salary cap structure along with a payroll floor set at $171.2 million, according to reports.
The proposal from ownership was submitted one day after the players' union sent their own proposal to MLB. The exchange of proposals from both parties indicates that CBA talks have intensified as negotiations continue between the two sides.
MLB currently stands as the only major North American sports league without a cap on team payrolls. Other major professional sports leagues in the United States and Canada operate with salary cap systems, distinguishing MLB's current structure from its counterparts in the region.
The proposal represents the first time MLB owners have put forward a firm salary cap since 1994. That year preceded the 1994-95 strike in baseball labor relations. The current proposal marks a return to salary cap discussions that have not been formally proposed by ownership since that period.
The collective bargaining agreement negotiations between MLB owners and the players' union are ongoing. Both sides have now presented their respective proposals, with ownership offering a salary cap and floor structure and the players' union submitting their own framework for consideration. The negotiations continue as both parties work toward establishing the terms of the next collective bargaining agreement.
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