Baseball's big spenders
Posted: April 14th, 2005, 3:22 pm
I found an interesting artice that states that the average salary of a baseball player is now 2.6 million, and the median salary is $850,000.
http://msn.foxsports.com/mlb/story/3520558
But here is the interesting part, and the part that I am concerned about. The New York Yankees, with a payroll of 206 million dollars, are spending more money than 5 other major league teams combined. Tampa Bay, Kansas City, Pittsburgh, Milwaukee, and Cleveland combined spent a total of 187 million dollars for their roster.
The Red Sox spend more than 3 teams (121 million), as did the Mets (104 million). The Phillies and the Angels spend 95 million, which is over twice as much as the any of the bottom five spent in a year, and 3 times as much as Tampa Bay spent this year. So much of success in baseball is tied to how much money a team is willing and able to spend, especially with no salary cap.
What are your thoughts on this?
http://msn.foxsports.com/mlb/story/3520558
But here is the interesting part, and the part that I am concerned about. The New York Yankees, with a payroll of 206 million dollars, are spending more money than 5 other major league teams combined. Tampa Bay, Kansas City, Pittsburgh, Milwaukee, and Cleveland combined spent a total of 187 million dollars for their roster.
The Red Sox spend more than 3 teams (121 million), as did the Mets (104 million). The Phillies and the Angels spend 95 million, which is over twice as much as the any of the bottom five spent in a year, and 3 times as much as Tampa Bay spent this year. So much of success in baseball is tied to how much money a team is willing and able to spend, especially with no salary cap.
What are your thoughts on this?