What happened: Jon Heyman reports MLB owners are advocating for a salary cap in the next CBA after 2026, with early estimates pegging the ceiling at around $280 million and floor at $140-160 million. Big spenders like the Dodgers and Mets are reportedly open to it, while low-payroll teams support despite needing to increase spending. The Dodgers, Mets, Yankees and others would have years to comply.

Why it matters: A hard cap would promote parity by limiting high spending, potentially curbing massive free-agent deals and forcing contenders to get creative with rosters. This marks a major departure from MLB's luxury tax system amid rising revenues.

What to watch: Track MLBPA response and preliminary negotiations as 2026 CBA deadline approaches.