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Actually, the exact total is $191 million. The main problem with baseball is that there's no revenue sharing. Steinbrenner makes $250 million off the YES Network alone, and that's not counting tickets, shirts, etc.
And even if the Players did agree to it, a cap would never work without revenue sharing. You can't force the Milwaukee Brewers and Kansas City Royals to spend $70 million on payroll when they're not making that much.
I think revenue sharing is needed too, but even if the cap was at say 70 - the yanks and sox yada yada yada would be at 70 every year. The crew and royals and what not would probably be around 40-60. That is still better than the way it is now, because the yanks wouldn't be able to have a jeter, a rod on the same team and still pay for 23 other spots ya know? I think it would divy up the talent farther and attendance would rise at the lower end teams because now "we feel we have at least a chance". don't think it will happen in my day though... a cap that is.
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