The big market teams already subsidize smaller market teams though revenue sharing. Every team provides 48% of local revenue, including local TV deals to the pool, which is split evenly. This means that teams with lucrative local deals and high attendance (like our Cardinals) subsidize teams like the Pirates. Every team gets about $100 million a year from this revenue share. The problem is that the smaller market teams just pocket the money, tank for good draft picks, have a good couple years based on those drsft picks, trade off all their good players before they have to pay them real money, rinse and repeat. And make huge profits all along the way due to revenue sharing.I am in favor of not only a hard cap but a minimum floor as well. $80 million should be the bottom amount. Then revenue sharing should be equalized as well. NY or LA should not get a billion $ in revenue from a tv deal while KC or Tampa receives only $30 million. (Not real numbers.)
Edit- I was just looking at Spotrac. Make it $125 million for the minimum team payroll.
MLB’s revenue sharing problem, and how to solve it
Shared revenues should be limited to player salaries and restore the incentive to win
www.google.com
I do agree a salary floor is a must.