- MLB proposed capping most free-agent deals at five years and 15% of a team’s salary cap, banning deferred pay and limiting multiyear raises — a plan that would have ruled out Juan Soto’s $765M, 15-year deal and is sure to provoke a fight with the players.
- The players’ union strongly rejected the proposal, talks grew heated Thursday and owners could impose a December lockout; MLB says a cap/floor will reduce payroll disparity and boost competitive balance.
- As sweeteners, MLB offered earlier free agency for some older players, raised the minimum salaries (to as much as $1M for two-year vets) and increased the pre-arbitration bonus pool, but the sides remain far apart.
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