Major League Baseball has made a proposal that could impact the sport's free agency process. The proposal includes limiting most free agent contracts to a certain duration and percentage of a team's salary cap. Details of the proposal include a five-year limit on most free agent contracts, as well as a cap of 15% of a team's salary cap.

Additionally, the proposal aims to eliminate deferred compensation. Further details about the proposal and its potential implications are available from the source, including information about the bargaining session where the proposal was made.