not much needs to be done, really
i would tie pre-arb pay to a performance value such as WAR, replacing the $500K std
don't care about lowered FA deals, its market determined
needs to be a soft cap at both ends to improve parity, with the penalty increasing more rapidly as a team moves further below the bottom cap or above the higher cap
increased pay and benefits for MiLB players, and severance packages for released MiLB players
a single draft for all players with 18 yrs being the age limit
weighted lottery system for all non-post season teams for draft order