Overview
- The sides met in New York for opening presentations Tuesday, with no formal proposals exchanged.
- Owners plan to seek a salary cap with a spending floor, a system players oppose because it would cap pay and shift more revenue to teams.
- The current deal expires at 11:59 p.m. ET on Dec. 1, and multiple outlets report owners are likely to lock out players if talks stall, which would freeze signings and trades.
- The union is led by interim executive director Bruce Meyer after Tony Clark’s February exit, and players including Marcus Semien, Clay Holmes, and Austin Slater took part, according to the AP.
- Both sides have stockpiled cash for a long fight, with players at about $415 million and MLB withholding roughly $75 million per club, echoing the 2021–22 lockout approach.