The Major Indoor Soccer League said that...

The Major Indoor Soccer League said that it will go out of business in June unless the league’s players’ union agrees to reduce each team’s salary cap from $1.275 million to $898,000.

The league gave the MISL Players Assn. until April 15 to respond.

“The league’s proposal offers a compensation plan that will stabilize the league and add to its potential for growth,” Commissioner Bill Kentling said in a statement. “With the emphasis on stabilization and expansion, the league’s players will benefit significantly over the next two years.”