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MLB lockout looms as owners propose $245 M cap, players reject

7/14/2026

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Story summary
  • MLB owners and the union began negotiations before the Dec. 1, 2026 deadline, with a lockout expected.
  • Owners propose a $245.3 million salary cap and $171.2 million floor for 2027, a plan that Juan Soto, Bryce Harper and Mike Trout have rejected.
  • The union’s demand for expanded free-agency, arbitration rights and a near-doubling of the minimum is matched by MLB’s proposal to ban signings until players are 20 years old by Sept. 1.