MLB Proposes Limiting Most Free Agent Contracts

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 salary cap plan likely to spark a confrontation with the players’ association that could lead to the first loss of regular-season games since 1995. During a bargaining session Thursday at the union’s office, MLB said it would accept the union’s proposal granting free agency a year early for players who have reached age 30 as part of a salary cap system. MLB also proposed boosting the minimum salary from $780,000 to $1 million for those with two years of big league service.