MLB proposed a salary cap system Thursday, marking the league's first foray into overhauling the sport's economic structure in more than three decades.

Most notably, clubs and their owners, as widely expected, have proposed a salary cap beginning in 2027.

The MLB draft process is heating up as it typically does this time of year with college conference tournaments and many high school state tournaments now concluded.

The Pittsburgh Pirates lead 2-1 in a four-game series against the Chicago Cubs.