Feb 04, 2009 9:57 AM EST

Baseball commissioner Bud Selig believes that the game's economic structure has come a long way, but he isn't ready to take a stand on a salary cap.

The current collective bargaining agreement doesn't expire until 2011.

"The last year of my commissionership will be devoted to that," Selig said Tuesday. "So there's no sense in me sitting here today and engaging them on [a salary cap]. We'll just watch how the system develops and what we need to do."

Via ESPN