MLB is proposing a salary cap for the first time since 1994, and Mets slugger Juan Soto is not a fan of the proposal for a good reason.

Major League Baseball extended an initial economic proposal for a new collective bargaining agreement to the MLB Players Association on Thursday, introducing a number of changes, including a salary cap and floor that the league believes will address competitive balance within the sport.

The head of the baseball players’ association insisted his union will fight management’s salary cap proposal as long as it takes as negotiations proceed with the threat of a lockout that could cancel games next season.

Negotiations over the next Collective Bargaining Agreement (CBA), the accord that governs the working relationship between players and clubs in Major League Baseball, intensified as the union made an opening suite of proposals to the league on Wednesday.

Why is the league pushing for a cap -- and why is the MLBPA so opposed? Here's what you need to know as baseball's CBA battle begins.

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,

The interim director of the players' union made it clear the league's proposed salary cap system will not be accepted.

Major League Baseball wasted no time responding to the MLBPA's first proposal.

MLB proposed a salary cap and floor today, both of which would significantly impact the St. Louis Cardinals for better and for worse.