Major League Baseball proposed a salary cap for the first time in more than three decades, a move opposed by the players union and likely to ignite tension between the two sides ahead of negotiations over a new labor deal.
The league’s proposal would cap team spending at about $245 million and put a salary floor at roughly $171 million, according to a document provided by MLB. The current collective bargaining agreement between the league and players is set to expire in December, leading to speculation there could be a disruption to the 2027 season as the two sides hash out payroll structure. In 1994, the owners pushed for a salary cap, and the Major League Baseball Players Association went on strike during the second half of the season. The impasse led to a big chunk of games and the World Series being canceled.
Randall Williams, Bloomberg News Business of Sports Reporter, joins Intelligence Radio for a closer look.
——–
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Saturday & Sunday 7am-10am ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake