Salary cap please...

[Brutus8907]

In the wake of signing Mark Teixeira to an 8 year, $180 million contract the Yankees have the 5 highest payed players in baseball...

1. Alex Rodriguez - $28 million a year
2. Jason Giambi - $23.4 million a year
3. CC Sabathia - $23 million a year
4. Mark Teixeira - $22.5 million a year
5. Deark Jeter - $21.6 million a year

Our country is in its worst economic situation since the Depression and we have sports teams throwing this kind of money at ONE person, FIVE times over? The Yankees had the highest payroll in the MLB in 2008 and held a comfortable $70 million lead over the second place Detroit Tigers God only knows how that'll grow after the offseason signings of Teixeira and Sabathia. Is it just me or is absolutely ridiculous? I think it's time for the MLB to catch up to the times and get a salary cap.

Thoughts?

[dazed&confused]

Can the Reds apply for TARP funds?

[d-5]

NEW YORK -- Final 2008 payrolls for the 30 major league teams, according to information received by clubs from the commissioner's office. Figures are for 40-man rosters and include salaries and pro-rated shares of signing bonuses, earned incentive bonuses, non-cash compensation, buyouts of unexercised options and cash transactions. In some cases, parts of salaries that are deferred are discounted to reflect present-day values.

N.Y. Yankees $222,519,480

Boston 147,075,645

New York Mets 144,693,962

Detroit 136,198,404

Chicago Cubs 130,508,691

Los Angeles Angels 128,142,467

Los Angeles Dodgers 125,864,496

Seattle 120,456,113

Chicago White Sox 113,641,026

Philadelphia 112,654,711

St. Louis 109,989,046

Houston 100,189,948

Toronto 98,343,520

Atlanta 92,494,314

Milwaukee 90,324,347

Cincinnati 82,886,440

San Francisco 82,074,873

Arizona 80,998,526

Baltimore 78,888,250

Cleveland 78,663,582

Texas 78,640,138

Colorado 74,791,621

San Diego 71,212,182

Kansas City 69,297,547

Minnesota 65,096,667

Washington 59,699,668

Oakland 55,223,294

Tampa Bay 51,020,720

Pittsburgh 50,764,410

Florida 27,003,450

Total 2,879,357,538

The Yankees only have around 200 million more to spend For this season if they need it

[seofan_via_dublin]

As a fan, I'd rather see my owner spending money to bring in
players that can win and i like to see.

The reds owners make money hand over fist, from ticket sales and
revenue sharing. Do they spend it on players or developement, or
better hotdogs? No, they put it in their pockets.

At least you know as a Yankees fan, that your owners have a commitment to
try and bring a title to the city. As long as they fill the seats, they will continue
to spend money, and I can't blame them.

They pay a hefty luxuary tax for their spending. It's their money, they can spend it.

[kcarth305]

A salary cap needs to be put in place, without a doubt!! Being paid ridiculous amounts of money to hit home runs or to pitch isn't right. The Yankees should not be using tax payers to pay for their stadium...............

[seofan_via_dublin]

The Yankees are using tax payers money, but, it was one of the last bills
Rudi Julliani passed through as mayor. He paid for the stadiums for the mets
and yankees.

If you're handed a billion dollars from a mayor and told, go build a stadium,
you're going to do it.

As for a salary cap, I'm fine with that, so long as you also institute a salary floor.
Make the teams that are collecting revenue sharing checks and padding pockets
go out and spend that money on players.

For a major league team to spend less than $50million per year on salary is
insane, especially since those teams are recieving over 50 million from teams
like the yankees and the red sox through revenue sharing and luxuary taxes.

[Brutus8907]

As for a salary cap, I'm fine with that, so long as you also institute a salary floor. Make the teams that are collecting revenue sharing checks and padding pockets go out and spend that money on players.

agreed