MLB’s salary-cap proposal revealed — why Mets, Yankees would have to shed a ton of money

Source: New York Post

Major League Baseball owners proposed a hard salary cap to the players’ union during a Thursday meeting — and New York’s high-priced teams would feel the brunt of it. The proposal, the first explicit salary cap push since the 1994 strike, would require every MLB team to maintain a payroll between $171. 2 million and $245.