When occured: 
Fri, 1994-12-23

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.

Read a great article by The Baseball Page blooger Todayinbaseball

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

Salary Cap
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