Friday, August 7, 2015

Rethinking the Idea of a Salary Cap in MLB

Whenever I was asked the question, as a Yankees fan, whether I would care if Major League Baseball instituted a salary cap I always claimed that I would be all for it. Much like we see in the NFL or the NBA year after year there are always those one or two veterans who have always wanted to play for (fill in the blank) or are chasing a championship ring or trophy who sign for the league minimum. There are also the players who are willing to take less money and restructure their contracts to bring in or keep another player a la Peyton Manning or Tom Brady which are all factors that I think would help the Yankees still “get their man” while playing within the rules. Then I got rethinking the whole salary cap thing with the new collective bargaining agreement expiring after the 2016 season.

First and foremost why would you want to fix what isn’t broken? Major League Baseball has been flourishing in attendance, television deals etc. for quite a few years now with loads of young talent and money flooding the game right now. Why mess with that by forcing a team like the Los Angeles Dodgers, the Yankees or other high market teams to carry lesser players just to save a few bucks here or there? Also, why bankrupt (for lack of a better word) teams like the Miami Marlins and the Tampa Bay Rays who aren’t lighting $100 bills in their fireplace all winter long to stay warm because with any sort of salary cap comes a salary floor as well.

Player salaries are down across the board in Major League Baseball believe it or not from a high of 56% of all revenue being paid to players in 2002 down to 38% as recent as 2014. These rates will continue to go down as you see fewer and fewer Alex Rodriguez type mega contracts and more and more reliance on young studs and rookies, not to mention new television deals like the St. Louis Cardinals just signed for an easy $1 BILLION.

The Yankees would continue to win with or without the salary cap simply because of the team’s popularity and such not only domestically about around the world. The problem here is that I think the league would lose in the long run with a salary cap so let’s hope the owners and MLB Players Association pass on that before 2017. 

No comments:

Post a Comment

Sorry for the Capatcha... Blame the Russians :)