Although this has no chance of happening, my solution would be to eliminate the DH league-wide and expand the rosters to 27 players. The union would need a damn good reason to agree to eliminating the DH, so this proposal would placate them by creating 60 new jobs league wide.
I figure in this scenario most teams would carry an extra relief pitcher and then a 6 man bench. Those older guys who can still hit but not do much else can still be saved as a lethal bat for late in the game. In the modern NL it's tough to keep a one-dimensional player like that around as a pinch-hit specialist since, again, NL baseball behooves a team to have a diverse, flexible bench.
Owners might not be happy about having to pay 2 more guys a Major League salary, but budgets may still go down with the high-paying DH job gone. The teams that would have a big issue with it are the Tigers, Yankees, etc. who have high paid DHs who pretty much can't field anymore and now there'd be nowhere for them to play.
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