Why Salary Caps Are Fair And Necessary (defenses (This tax is very high…
Why Salary Caps Are Fair And Necessary
Salary caps are fair and necessary b/c they keep teams afloat and allow fans to keep one of their favorite thing, their team. ook at Man. City, they overspent and know could be out of money w/ in five years. Also, they are at risk for losing all their star players b/c they can't afford to pay them anymore. Also, without salary caps, big-market teams such as the Yankees would dominate the MLB which they already do because there is no salary cap in baseball. That is why the same six or so teams finish first in the MLB every year.
Let's talk about geography now, b/c of salary caps, geographically lucky franchises such as teams in big cities such as LA can't dominate the leagues they play in as they can not benefit from huge endorsement contracts or having huge stadiums that are filled to the brim b/c that city is highly populated. Therefore, salary caps allow all major sports leagues to be balanced and fair.
How it Helps Smaller Franchises
Enable smaller franchises to remain competitive and grow their fan base
increase ticket sales and club overall worth
May gain interest, from being able to compete with large clubs
Keeps fans intrested
if the same teas win over and over again, the sport will become boring
Help a whole league thrive by ensuring that a larger number of teams are potentially interesting to casual fans
better for the players
when the salary cap was invented, it allowed players to make more and more money. Every time the salary cap is increased, players can make and more money
Players who would get a max contract deal would most likely make up any money they feel like they were scammed out of through endorsement deals
also not terrible for big markets
Some leagues like the NBA have a “soft salary cap,” meaning that some teams may exceed the cap because of spending exceptions designed to allow them to retain players who have been with them for a number of years in the interest of ensuring fan loyalty. In today’s NBA, teams must pay a luxury tax if they exceed a payroll of $119 million.
This tax is very high which prevents them from exceeding them any more. I.E if they go 5 million over, they would have to pay about 10 million
players get paid enough already so a hard cap does not scam them from more money
just because cap can limit, teams ability to succeed, gets sport away from money, and more towards team chemistry and development of players