MLB commissioner Rob Manfred this week acknowledged the league's luxury tax has "failed" at addressing competitive balance concerns.

Baseball Commissioner Rob Manfred worries the owners' salary cap proposal could lead to a work stoppage like the one that canceled the 1994 World Series

MLB team owners are still going full bore after a hard salary cap after acknowledging that its long-running luxury tax has “failed.”

Manfred questioned MLB's parity Wednesday, while acknowledging fears that a salary cap fight could rival the ugliness of the 1994-95 strike.

MLB commissioner Rob Manfred this week acknowledged the league's luxury tax has "failed" at addressing competitive balance concerns.