MLB owners propose first salary cap since 1994 strike

MLB owners have put forward a proposal to implement a salary cap in Major League Baseball, marking the first such effort since the infamous 1994 player strike that wiped out the postseason. The proposal is expected to face strong resistance from the MLB Players Association, which has historically opposed any cap on player earnings. The development signals a potentially contentious period in labor negotiations between owners and players as the league looks to reshape its financial structure.