MLB proposes new salary cap and floor adjustments for 2028 season

Major League Baseball has amended its salary cap and floor proposal aimed at the MLB Players Association. The league proposes delaying these changes until the 2028 season, while increasing the cap from $245.3 million to $258.2 million and the floor from $171.2 million to $180.2 million. Additionally, $282 million in luxury tax revenue would be distributed to players directly instead of being allocated to retirement benefits. The players' union has responded negatively to the proposal, indicating it aims to reduce player compensation and eliminate key player rights. The current contract is set to expire at 11:59 PM ET on December 1, with a potential lockout looming if no agreement is reached.

• 6:00 AMYahoo Sports — New CBA proposal adjusts salary cap, floor