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Unless they go to Japan where the salaries are much lower, there isn't really another option to play elite professional baseball. I agree though, the players are very unlikely to accept a salary cap,. I expect there will be some tightening of the luxury tax rules that will effectively create a soft cap and in return the players will get a salary floor.
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In my opinion it is impossible to introduce a salary cap...in that case probably the most valued players will leave the league, and find other leagues in other countries to play...