MLB makes initial CBA proposal to address competitive balance

Major League Baseball presented an initial collective bargaining agreement proposal to the MLB Players Association on Thursday, featuring a salary cap and floor aimed at addressing competitive balance. The proposal includes a 50/50 revenue sharing arrangement with players and equal sharing of media revenue, which MLB says would help eliminate local TV blackouts. The league cited a $446 million spending gap between top and bottom payrolls as a key issue driving the need for reform.