• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Dolly Parton’s philanthropy inspiration was her father who couldn't read or write: 'I saw how crippling that could be'

2

Jamie Dimon and his wife, Judith, donate $12 million to 12 HBCUs—betting they're the 'springboard to success' for the next generation

3

I talked to 68 adults who went no-contact with their families — and they all had one thing in common

1

Dolly Parton’s philanthropy inspiration was her father who couldn't read or write: 'I saw how crippling that could be'

2

Jamie Dimon and his wife, Judith, donate $12 million to 12 HBCUs—betting they're the 'springboard to success' for the next generation

3

I talked to 68 adults who went no-contact with their families — and they all had one thing in common
North AmericaMLB

Trump says he supports salary cap for Major League Baseball

By
Jordan Fabian
Jordan Fabian
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Jordan Fabian
Jordan Fabian
and
Bloomberg
Bloomberg
Down Arrow Button Icon
June 6, 2026, 4:52 PM ET
President Donald Trump holds up a jersey alongside pitcher Clayton Kershaw (L) and team owner Mark Walter (R) during an event honoring the 2024 World Series champions Los Angeles Dodgers in the East Room of the White House in Washington, DC, on April 7, 2025.
President Donald Trump holds up a jersey alongside pitcher Clayton Kershaw (L) and team owner Mark Walter (R) during an event honoring the 2024 World Series champions Los Angeles Dodgers in the East Room of the White House in Washington, DC, on April 7, 2025. SAUL LOEB/AFP via Getty Images
Add Fortune on Google for similar content.

President Donald Trump sided with Major League Baseball owners who are proposing a hard salary cap as part of the next collective bargaining agreement, adding his voice to a contentious negotiation with the league’s players union. 

Recommended Video

“If you don’t have a salary cap you don’t have a sport. Because they can’t help themselves. You know, in sports they can’t help themselves,” Trump said Friday when asked about the proposal by reporters aboard Air Force One. “They should have done it a long time ago.”

Read More: MLB Proposes $245 Million Salary Cap That Players Union Rejects

Imposing a firm salary cap would represent a seismic shift in the economics of professional baseball. MLB is the only major US professional sports league that operates without a cap and the issue lies at the heart of what is expected to be the sports’ toughest labor negotiation in decades. 

The cap was included in the owners’ opening offer to union officials, with each team also required to maintain a salary floor under the plan. The idea is vehemently opposed by the players union. If the sides cannot reach an agreement before the current collective bargaining agreement ends Dec. 1, owners are likely to lock out the players until a new deal is in place, ESPN reported. That threatens the prospect of a prolonged work stoppage. 

The last time the owners proposed a hard salary cap was 1994. At the time, players rejected the idea, leading to a bitter labor dispute that resulted in a strike and the cancellation of the World Series for the first time in 90 years.

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
About the Authors
By Jordan Fabian
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in North America


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in North America


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.