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Rising Major League Baseball Salaries And Its Affect On Competition
Major League Baseball has now become a business more than ever imagined
Before free agency baseball owners controlled the players salary and where they played
Players were bound to their team by the Reserve Clause which was in effect for more then 100 years
In 1975 two players didn’t sign contracts and claimed that they were free agents
In 1976 the Reserve Clause was broken and the era of free agency began
In the 1950’s before free agency, there were 16 teams while it currently now has 30
In 1994 owners went to war with the Major League Players Association to pursue a hard salary cap to hold down the rising tide of player’s salaries
The collective bargaining stalemate resulted in a players strike in 1994 canceling the final two months and the World Series
A weak luxury tax was put in place but did nothing to close the gap between the richest and poorest teams
The all-time attendance record for baseball was set in 2000 with 72.
Approximate Word count = 900
Approximate Pages = 3.6
(250 words per page double spaced)
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