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Originally Posted by Excellance of Execution
Actually being a Yankees fan, i agree that this isn't good for baseball. But the Yanks aren't doing anything there not allowed to, and if the lower market teams took the luxury tax money and put it into their teams instead of pocketing it, then there wouldn't be as big of a problem.
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Yeah, I'm not a Yankees fan but your right.
George has said he can/will go to 270million before it stops making financial sense for him.
Don't forget, YES network makes him a ton of money. same way Nesn does for the Sox owners.
As for the "Salary cap" it's not a Salary Cap, there is a luxury Tax (NBA has one also, but I think it works diffent, but so does the cap) anyway... the problem is and EE is right, small market teams take the luxury money and pocket it. It should be that if you receive X$ of Luxury Tax money your payroll most be X$ higher then the previous year, or you don't get the money.
The point of the Luxury tax is to make teams more competitve.