QUOTE(jackson @ Apr 2 2008, 09:13 AM)

That argument only lasts one more year as the Yanks can easily take $64M off the books after this season ends. Giambi (22M), Moose (10M), Abreu (16M) and Pettitte (16M) all see their contracts run out after this season. The first two guys won't return. The second two depend on how they perform this year.
They might replace one of the departing contracts with Mark Teixeira, if they win the bidding war for him, and it won't be easy because Tex isn't exactly a New York City type of person. If Pettitte breaks down, as so many people (not me) think he will, they could go after Sabathia, who buys time for the 3 young starters.
Still, I think the Yanks will drop into the $170M range next season, which is reasonable. If the PA wasn't so strong, MLB could have put in a salary cap at around $175M when the last CBA was signed. But that's never going to happen in this sport.
The spending issues hurt the game in cities like Oakland, Pittsburgh and Kansas City where hometown fans give up on their team and stop buying tickets because their owners won't spend money to compete. So we see scenes like last night in Oakland where the home team is really the Red Sox.
I would like to see the cap at around $130 - $140. But it needs to work both ways. There should be a salary range where a team has to spend a minimum of say $45. I know that baseball is a business. However, it has warranted enough interest from the Congress in other areas because it is more than that to the people. I just wish there was a rule in place that stated if you want to be a MLB team owner, you must make an effort to field a competitive team. Look at Minnesota. They have one of the wealthiest owners yet are usually at the bottom in terms of spending.