Manfred: Salary Cap Risk of 1994-Style Strike

Manfred expressed concerns that the owners' first salary cap proposal since 1994 could trigger another work stoppage, noting he was part of the owners' team during the 1994 negotiations that resulted in a 7 1/2-month strike. "Of course I do" worry about repeating those events, he said. likesport.biz

The luxury tax system in place since 2003 is no longer working, according to Manfred, who pointed out that tax payments have increased dramatically from $78.5 million in 2022 to $402.6 million last year. Players have vowed to fight a cap as long as necessary, and with the current collective bargaining agreement expiring December 1, management is expected to impose a lockout if no agreement is reached.