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MLB owners demand salary cap which could doom 2027 season

Major League Baseball owners made their long-expected salary cap proposal to the players' association on Thursday, a system the union has vowed never to accept, setting the sides on course for a confrontation that threatens the 2027 season and perhaps beyond. Baseball owners hadn't proposed a firm cap since 1994. Their effort prompted a 7 1/2-month strike that forced the cancellation of the World Series for the first time in 90 years. MLB's proposal would cap spending in 2027 at $245.3 million, using figures for luxury tax payrolls that include $20.1 million for benefits and the ...

Debt confidence hits two-year low amid affordability concerns

Americans’ confidence in the nation’s finances fell to a two-year low in May as the national debt again surpassed the size of the U.S. economy, according to a new survey. The Peter G. Peterson Foundation’s Fiscal Confidence Index fell to 36 in May – the lowest reading in two years and the fifth consecutive monthly decline – according to a survey jointly conducted by Democratic and Republican polling firms. Ninety-three percent of voters said the national debt is driving up their cost of living, a connection some economists say has become more visible in recent years as ...

Kelce buys piece of childhood favorite

CLEVELAND (AP) — Travis Kelce is a three-time Super Bowl champion, four-time All-Pro and fiance of music superstar Taylor Swift. On Wednesday he added minority investor in the Cleveland Guardians to his resumé. The Guardians announced before their game against the Washington Nationals that the Kansas City Chiefs tight end has purchased a minority share in the franchise. The Cleveland Heights native bought a small share of David Blitzer's 35% stake. Blitzer can become the controlling owner after the 2027 season or he can wait to exercise that option later. "The opportunity came ...

SPORTS BRIEFING

CUBS SNAP SKID PITTSBURGH (AP) — Ian Happ hit a tiebreaking three-run home run and drove in five runs on Wednesday night while playing in his hometown as the Chicago Cubs ended their 10-game losing streak with a 10-4 victory over the Pittsburgh Pirates. Happ's three-run shot snapped a 4-4 tie and started a six-run inning that helped the Cubs get their first win since May 15. Pinch-hitter Michael Conforto hit a two-run home run later in the inning to extend the lead to 10-4. Happ also hit a two-run single in the first inning to open the scoring and has reached base in each of his ...

Williams guides Guardians past Nationals

CLEVELAND (AP) — Gavin Williams settled down after a choppy start and pitched seven solid innings as the Cleveland Guardians beat the Washington Nationals 3-2 on Wednesday to salvage the finale of a three-game series. Williams (8-3) allowed one run and only three hits — all in the first ...

McCutchen’s career meets the crossroads

ARLINGTON, Texas (AP) — Former NL MVP outfielder Andrew McCutchen was designated for assignment by the Texas Rangers on Wednesday, after he hit .192 in his 37 games. The 39-year-old McCutchen was replaced by free agent infielder Nicky Cruz in a move spurred by the lingering absences of shortstop Corey Seager and second baseman Josh Smith. Seager is out with lower back inflammation, and Smith still hasn't rejoined the team since a stint in the hospital with viral meningitis. "Certainly respect to Andrew, what he's accomplished, not only in this game, but more importantly, who he is ...