MLB Proposes $245 Million Salary Cap That Players Union Rejects

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 spe...