A lot of new money has come into baseball, including from private equity firms. For owners hoping to sell, a cap could boost team value.

A lot of new money has come into baseball, including from private equity firms. For owners hoping to sell, a cap could boost team value.

Major League Baseball owners made their long-expected salary cap proposal to the players’ association on Thursday, a system the union has vowed never to accept, setting the sides…

The owners' first proposal is a salary cap of $245.3 million for 2027 and a floor of $171.2 million with a 50-50 split of revenues.

The proposal sets baseball on a collision course with players who have long vowed to reject a cap system.

MLB team owners have formally proposed implementing a salary cap in baseball, an expected move as labor negotiations with the MLBPA intensify.

Since 2003, revenue grew 247% and player payroll increased by 149%. Players say the cap isn't a cap on revenue but only on player salaries.