The failsons and finance brokers who own MLB franchises seem ready to destroy the league to make themselves a little richer—and too many fans may take their side.
The teams share a vast amount of revenue, not all of which is disclosed outside of the league and owners; so much in fact that MLB actually just spun off MLB.TV as its own company so that they wouldn’t have to disclose its net income in the upcoming CBA negotiation. The bare minimum that every MLB team is guaranteed to take in even if zero tickets get sold this year is nearly $100 million, and credible insiders say it’s well more than double that in reality. MLB is a legal monopoly made up of an extremely corrupt cartel of colluding businessmen and they absolutely do not have any intention of presenting their finances in any remotely fair or accurate light. A salary cap would benefit the owners, and should be opposed unconditionally on that basis alone. Personally, I’m team hard salary floor with a luxury tax soft cap.
The teams share a vast amount of revenue, not all of which is disclosed outside of the league and owners; so much in fact that MLB actually just spun off MLB.TV as its own company so that they wouldn’t have to disclose its net income in the upcoming CBA negotiation. The bare minimum that every MLB team is guaranteed to take in even if zero tickets get sold this year is nearly $100 million, and credible insiders say it’s well more than double that in reality. MLB is a legal monopoly made up of an extremely corrupt cartel of colluding businessmen and they absolutely do not have any intention of presenting their finances in any remotely fair or accurate light. A salary cap would benefit the owners, and should be opposed unconditionally on that basis alone. Personally, I’m team hard salary floor with a luxury tax soft cap.