Major League Baseball has proposed changes to free agent contracts. The proposal includes limiting most contracts to five years and capping them at 15% of a team's salary cap. Additionally, MLB wants to eliminate deferred compensation.

Further details of the proposal were discussed during a recent bargaining session. The plan is likely to be met with resistance from the players' association, potentially leading to a confrontation. More information on the proposal and its potential impact is available from local news sources, including KPRC 2 and Click2Houston.