I started a "conversation" on ChatGPT last night about the workings of a combination salary cap and floor. Basically came up with the possibility of a soft salary cap with a hard floor.
The floor would be around 80-90% of median league payroll. Teams would have to fall within that range with active MLB salaries no avoid any penalties, loss of a percentage of revenue sharing, compensation picks, other draft picks etc. I never got into enforcement last night.
On the other end a soft cap. Anything above say 130% of the cap gets penalized. Loss of draft picks, International bonuses and pools. The penalties would be on a sliding scale. (The Dodgers would probably get hit hard). Marginal tax rates 40%-75%-100%.
Revenues marked only for pensions, minor league pay and revenue sharing enforcement. Also no artificial contract voiding. I didn't get much deeper into the woods, but there needs to be discussions about Ichiro type of contracts where big money is deferred over a very long time.