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Cappy
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 Posted: 11/10/04 - 21:25 Post subject: Salary Cap In Professional Sports
A little different topic to discuss.
Do you think that salary caps are a good or bad idea in professional sports?
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MechEngDropout
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Posted: 11/10/04 - 21:34 Post subject:
They are an excellent idea. Just look at the Yankees. The amount of money spent on their players is absurd. I forget the exact figures, and I wish somebody would remind me, but it's something like the top 4 salaries for the Yanks are greater than the entire combined salaries for 4 teams. That's just ludicrous.
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prohemp
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Posted: 11/10/04 - 22:04 Post subject:
Cards on the table - I'm a Yankees fan and yeah, their 2005 payroll may top out at $200 million. But in their defense, GS puts the profits back into the team.
Their is profit sharing - but look at a team like the Brewers, their owners put the profit sharing $$ that they receive right into their pockets, not back into the team (i e players salaries).
There is a luxury tax. In 2004 it was at $120 million.
In my opinion it's too late for a salary cap - the MLBPA is very powerful and will never go for it and until the baseball owners take off the skirt and straps on a set (collectively) and rids itself of Bud Selig and goes out and gets a REAL commissioner it will never happen. Also, a salary cap puts more money into the pockets of the owners and won't necessarily create parity.
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Noley
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Posted: 11/10/04 - 23:11 Post subject:
I do think there should be a salary cap, yes.
Thankfully, all the money in the world didn't give the Yankee's a WS win this year. Sorry you Yankee fans...
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robp
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Posted: 11/11/04 - 09:21 Post subject:
We the fans can cap their salaries by saying "forget it" when it comes buying overpriced tickets, stadium food, etc. I haven't attended a pro football game in several years because ticket prices are so ridiculous. Baseball games have been few and far between also - by the time my son and I get tickets, pay for parking, buy a little food and something to drink $100 is shot in the rear end. I don't feel like I'm getting a $100 worth of enterainment out of it.... AA baseball is a much better deal and the players aren't full of themselves. They work their butts off and put on a good show.
Owning a pro sports team is a rich man's game anyways. The hell with a salary cap, let 'em spend their money on athletes if it's that important to them.
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runaroundsue
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Posted: 11/11/04 - 10:15 Post subject:
I just don't "get" the entire process. I would normally say "no" to salary cap if it were a truly run private business (which I think it should be). But when taxpayers are paying for the stadiums, then it makes it a whole new ballgame. However, if you cap the players salaries, who would get the "extra"?? Taxpayers can just refuse to attend games, but they don't. Lambert Field  was a good example of the "people" wanting the tickets and bad. I sold my Packer tickets on Ebay last year for 4x the ticket price. So in essence, I did get back that extra % of taxes I paid. Unfornuately, the people that didn't, were those whom could not afford to purchase the tickets at face value in the first place.
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Sahara
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Posted: 11/11/04 - 10:20 Post subject:
| robp wrote: | We the fans can cap their salaries by saying "forget it" when it comes buying overpriced tickets, stadium food, etc. I haven't attended a pro football game in several years because ticket prices are so ridiculous. Baseball games have been few and far between also - by the time my son and I get tickets, pay for parking, buy a little food and something to drink $100 is shot in the rear end. I don't feel like I'm getting a $100 worth of enterainment out of it.... AA baseball is a much better deal and the players aren't full of themselves. They work their butts off and put on a good show.
Owning a pro sports team is a rich man's game anyways. The hell with a salary cap, let 'em spend their money on athletes if it's that important to them. |
yes, yes, yes!
And likewise, let those with the disposable income to dish out the $ necessary to attend any pro-game if that's important and woth the value to them.
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Gogirlgo
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Posted: 11/11/04 - 11:52 Post subject:
The lack of a salary cap is what happens when we "leave it to the market." I agree it gets sticky when taxpayers become part of the equation. But that's not much different than, say, the privatization of Social Security.
Market as determinant of all=suck
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RexRacer
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Posted: 11/11/04 - 12:05 Post subject:
Major league sports are cultural and financial monopolies in the clearest sense of the term. But even then, they can't seem to get this salary cap thing to work right.
Look at the NFL--As soon as these highly complicated rules went into effect, the wealthiest teams started offering 'signing bonuses' that weren't covered by the rules--soon the others followed suit out of necessity.
If there's going to be a cap that really works (one that again returns tickets to the price of normalcy for average people and doesn't rely on luxury skybox revenue and govt-funded stadia), then it should cover absolutely all compensation any player receives.
Until then, it's just a band-aid solution with a gaping hole.
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