As of my last update, the CSL (China Football League) player salary cap has been reduced to 4.5 million yuan ($667,920). This reduction was announced by the Chinese Football Association (CFA), which is responsible for managing the league.

The CSL is one of the most popular football leagues in China and it is widely regarded as one of the best in the world. The league is organized by the CFA and it consists of teams from various regions of China. Each team plays against each other during the season and earns points based on their performance.

In order to maintain the competitiveness of the league, the CFA has set a salary cap that is intended to be used to fund the salaries of players who participate in the league. However, this cap has been reduced to 4.5 million yuan ($667,920).

This change in salary cap has been met with mixed reactions among fans and analysts alike. Some argue that the decrease in salary cap will make it more difficult for clubs to compete at the highest level of the league, while others believe that it will help to attract top-level talent to join the league.

Regardless of the reaction to the salary cap change, it is clear that the CSL is facing some tough financial challenges. As a result, the CFA has had to adjust its plans for the upcoming season in order to ensure that the league remains competitive and appealing to fans around the country.