Major League Baseball has proposed changes to free agent contracts. The proposal includes limiting most contracts to five years and a certain percentage of a team's salary cap. Further details of the proposal have been released, including the specific percentage of the salary cap that would be allowed for these contracts.

The proposal also aims to eliminate deferred compensation. For more information on the proposed changes and how they may affect Major League Baseball, readers can visit the KPRC 2 / Click2Houston website for further details and updates on the story.