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Salary Cap in MLB?
So the Yankees have committed over $400 million to three players over the coming eight years, a number larger than the amount it cost to buy the entire Milwaukee franchise a few years ago. That inspired Brewers majority owner Mark Attanasio to question whether Major League Baseball needs a salary cap. To me, a cap coupled with increased revenue sharing sounds appealing. But others argue that it is unnecessary. They argue that what the lower revenue clubs need is not more money, but better management.
The value of astute management cannot and should not be overlooked for the tremendous factor and asset that it is. However, the MLB financial structure requires heightened precision from the management of the lower revenue clubs, and that leads me to believe the economic infrastructure is fundamentally less balanced than the other leagues. These clubs can and do put together winning seasons, but I believe they are laboring under a competitive handicap. I am not sure if a cap and deeper, NFL-style revenue sharing would make MLB better or more interesting, or if those things would produce different playoff teams on a more consistent basis. But it would certainly provide the perception of increased fairness, and that perception might be enough to engage more fans and give more hope to those who follow the KCs, PITs CINs and MKEs of the MLB world.
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