The 1994–95 Major League Baseball strike was the eighth work stoppage in baseball history, as well as the fourth in-season work stoppage in 23 years. The 232-day strike, which lasted from August 12, 1994, to April 2, 1995, led to the cancellation of between 931 and 948 games overall, including the entire 1994 postseason and World Series (these numbers account for the fact that postseason series can be of varying lengths; in addition, 12 other games scheduled to be played prior to August 12, 1994 were cancelled for other reasons, mainly weather-related). The cancellation of the 1994 World Series was the first since 1904; meanwhile, Major League Baseball became the first professional sport to lose its entire postseason due to a labor dispute.
Owners demanded a salary cap in response to the worsening financial situation in baseball. Ownership claimed that small-market clubs would fall by the wayside unless teams agreed to share local broadcasting revenues (to increase equity amongst the teams) and enact a salary cap, a proposal that the players adamantly opposed. On January 18, 1994, the owners approved a new revenue-sharing plan keyed to a salary cap, which required the players’ approval. The following day, the owners amended the Major League agreement by giving complete power to the commissioner on labor negotiations.
The dispute was played out with a backdrop of years of hostility and mistrust between the two sides. What arguably stood in the way of a compromise settlement was the absence of an official commissioner ever since the owners forced Fay Vincent to resign in September 1992. Vincent described the situation this way:
"The Union basically doesn’t trust the Ownership because collusion was a $280 million theft by Bud Selig and Jerry Reinsdorf of that money from the players. I mean, they rigged the signing of free agents. They got caught. They paid $280 million to the players. And I think that’s polluted labor relations in baseball ever since it happene...