MLB owners officially propose hard salary cap for baseball Major League Baseball proposed a hard salary cap Thursday for the first time since 1994, which resulted in a players’ strike that cancelled the World Series, in their first proposal to the MLB
MLB makes initial economic proposal for new CBA Major League Baseball extended an initial economic proposal for a new collective bargaining agreement to the MLB Players Association on Thursday, introducing a number of changes, including a salary cap and floor that the league believes will address competitive balance within the sport