Major league owners implement a salary cap and revenue sharing on striking players. The new provisions never take effect because a ruling by a judge, which ends the protracted labor dispute, orders that the next two seasons must be played under previously existing labor conditions.
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Owners get tough, for a while
NEW YORK, NEW YORK - As the 1994 players' strike dragged into its fourth month the owners declared an impasse and imposed a salary cap on this date in 1994 - Merry Christmas! The strike had abruptly ended the season in August, and .... read more
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- Salary Cap