- Owners proposed a salary cap (~$245M cap / $171M floor) — a plan the players union says it will never accept, raising the real possibility of a work stoppage that could threaten the 2027 season.
- Big-market clubs would be hit hardest — the Dodgers’ payroll (~$415M) and several other teams sit well above the proposed cap, while about a dozen smaller clubs would need to raise spending.
- The owners would centralize local TV/media revenue and split it 50/50 with players (aiming to fix blackouts and boost competitive balance), but players oppose a cap and want expanded free agency and higher minimums.
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