What happened: ESPN has published a breakdown of MLB's initial collective bargaining proposals, with a salary cap headlining the package. The framework also reportedly touches the amateur-entry system, with one floated change removing high school players from the draft and making college players eligible after their sophomore year.

Why it matters: A cap would mark MLB's first such push since the 1994-95 strike, a structural shift that sets the stage for a contentious negotiation with the players' union. How the sides bridge the cap question will shape whether the sport faces a work stoppage when the current agreement expires.

What to watch: Watch for the MLBPA's formal response and whether the amateur-draft overhaul gains traction as the proposals are negotiated.