If the owners are all in for a cap, then yeah, the 2027 season is in jeopardy and it will just be waiting around until the players finally cave (and they will the longer it lasts). Hopefully it doesn't go that far. MLB hasn't had this level of national momentum for like 2 decades. Just 5 years ago ESPN was ashamed to even talk about baseball on their programming. Completely different now after the pitch clock and rise of Ohtani and Judge. It would destroy all that momentum just to increase franchise values, which would probably increase anyway after the next media rights deal.
This will end one of two ways: similar to 2021-22 where they agreed to something in the beginning of March and just condensed spring training to get in all 162, or it will wipe out most or all of 2027. Just a matter of how deep the owners are with wanting a cap. If they are where the NHL owners were all those years back, then we need to enjoy 2026.