MLB proposes limiting most free agent contracts to 5 years and 15% of a team's salary cap - BNN Bloomberg
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Article Excerpt
Major League Baseball proposed limiting most free agent contracts to five years and 15% of a team’s salary cap and to eliminate deferred compensation, fleshing out details of a plan likely to spark a confrontation with the players’ association.
MLB’s plan would eliminate deals such as Juan Soto’s US$765 million, 15-year contract with the New York Mets. The league said just seven players this year exceed the proposed maximum and 98% of free agent contracts would not have been impacted.
“There’s no question that we’re very far apart,” union head Bruce Meyer said during an online news conferenc…
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