Major League Baseball has proposed strict limits on free agent contracts, with most contracts limited to five years and 15% of a team's salary cap. The proposal also aims to eliminate deferred compensation, in a bid to introduce a salary cap to the league. The move has significant implications for the league, as it could potentially alter the way teams approach free agency. The proposal is likely to spark a confrontation with the players' association, as they will need to negotiate the terms of the new contract. The introduction of a salary cap could have a major impact on the competitive balance of the league, and teams will need to adapt to the new rules in order to succeed.