US EditionYankees owner Hal Steinbrenner declines to say he supports salary cap but might support salary floor
Steinbrenner supports a salary floor to improve competitive balance but remains undecided on a salary cap as MLB negotiations continue ahead of 2026 CBA expiry.
- On Monday, New York Yankees owner Hal Steinbrenner declined to say whether he supports a salary cap but reiterated he might back a salary floor in a Tampa video conference.
- With the CBA approaching expiration, debates on cap and floor intensify as MLB remains the only major U.S. league without a salary cap but with a luxury tax since 2003.
- The Yankees finished the season with a $301 million payroll and a $62 million projected tax bill, having paid luxury tax payments totaling more than $500 million in 21 of 23 seasons.
- A salary floor, Steinbrenner said, would aim to improve competitive balance significantly, and management's salary cap proposal could include a floor plus a guaranteed percentage of revenue to players.
- Past work stoppages, including a 7 1/2-month 1994-95 strike, show the high stakes for any cap proposal as the sides reached a five-year deal on March 10 after a 99-day lockout, salvaging a 162-game 2022 season.
14 Articles
14 Articles
Yankees owner Hal Steinbrenner declines to say he supports salary cap but might support salary floor
New York Yankees owner Hal Steinbrenner has declined to say whether he favors a salary cap proposal in the next collective bargaining agreement but reiterated he might support a salary floor in any proposal. In February, Steinbrenner said he might…
The owner of the New York Yankees, Hal Steinbrenner, refused to say Monday if he supported a wage cap proposal in the next collective bargaining agreement, but reiterated that he could back a salary floor.
NEW YORK (AP) — New York Yankees owner Hal Steinbrenner refused to say Monday if he supports a wage cap proposal in the next collective bargaining agreement, but reiterated that he could support a...
By LARRY FLEISHER NEW YORK (AP) — New York Yankees owner Hal Steinbrenner declined Monday to say whether he supports a salary cap proposal in the next collective bargaining agreement, but reiterated that he might back a salary floor. “I don’t feel like I’m in a position right now, research or knowledge-wise, to answer that question,” Steinbrenner said in a video conference from Tampa. “We’re always going to be among the highest payrolls. We alwa…
By LARRY FLEISHER NEW YORK (AP) — New York Yankees owner Hal Steinbrenner declined Monday to say whether he supports a salary cap proposal in the next collective bargaining agreement, but reiterated that he might back a salary floor. “I don’t feel like I’m in a position right now, research or knowledge-wise, to answer that question,” Steinbrenner said in a video conference from Tampa. “We’re always going to be among the highest payrolls. We alwa…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
