MLB proposes limiting most free agent contracts to 5 years and 15% of a team's salary cap

Major League Baseball proposed limiting most free agent contracts to five years and 15% of a team’s salary cap and to eliminate deferred compensation, fleshing out details of a salary cap plan likely to spark a confrontation with the players’ association that could lead to the first loss of regular-season games since 1995

By RONALD BLUM, Associated Press