By Steve RabeThe league announced on Wednesday that all players in the 2018 season will have the option of a wage cap exemption.
The move was in response to the recent announcement by Major League Baseball that all teams will be allowed to take a cut of the revenue generated from player salaries in 2019.MLB Commissioner Rob Manfred made the announcement during an appearance on ESPN’s “SportsCenter” on Wednesday.
He said the decision to exempt players from the salary cap will help reduce the “waste” of the salary caps, which are currently set at $180 million in 2018 and $250 million in 2019 and 2021.
“I think the cap is a waste of resources and the resources that could be used for other things,” Manfred said.
“But this is a very good move, and I think we’re going to be able to create more revenue for our clubs, and that’s going to benefit the players.
So I’m very pleased with the decision that was made today.”MLB commissioner Rob Manfried announced Wednesday that the 2018 salary cap exemption will be available to all Major League soccer teams.
It was previously available only to clubs that had signed contracts in 2019 or 2021.