New CBA proposal adjusts salary cap, floor

The Major League Baseball (MLB) has revised its salary cap and floor proposal for the 2027 season. The proposal, now in its offseason phase, would delay the implementation of these changes until the 2028 season. The owners suggested raising the cap from $245.3 million to $258.2 million and increasing the floor from $171.2 million to $180.2 million, reflecting a 50-50 split of projected 2028 revenue.

The proposal also includes $282 million in luxury tax revenue, to be paid out directly to players as cash bonuses rather than going toward retirement benefits. Under the current system, half of the luxury tax money goes toward player benefits and the other half to teams.

Under the revised plan, 12 teams would need to increase their payrolls to meet the new floor while eight teams would have to cut their payrolls to stay within the new cap. These figures are based on current payrolls and would vary depending on each team's spending in 2027.

The MLB Players Association (MLBPA) has reacted negatively to the new proposal, criticizing the owners for attempting to "blow up the current system" and increase their own profits. The union remains unwilling to accept a salary cap and floor as the basis for negotiations. The current collective bargaining agreement is set to expire on December 1st. The owners have indicated their intention to lock out the players if no agreement is reached by that date.