I have at times seen some fans speculate that, because they generally spend well above the median MLB organization on payroll, the largest-market owners wouldn’t be as on board with a salary cap. The thinking is that the Dodgers and Yankees can afford to spend so much more than other teams that they wouldn’t want to see an artificial limit put in place, since it would limit them much more than other organizations.
But we have to remember that the league’s desire for a salary cap – and a more centralized approach to revenue overall – is as much about franchise equity as anything else. And, in a league where there’s a hard salary cap, the premier organizations will see their values explode, as we’ve seen in the other major sports. These owners aren’t as interested in saving a few bucks year to year with a cap; they are interested in a fundamental overhaul of the finances of the sport. That will lift all ships, so to speak, while reducing costs, too.
Don’t take my word for it – here’s Yankees owner Hal Steinbrenner making it very plain:
Hal Steinbrenner is asked if he’d be in favor of a salary cap in MLB: "I helped craft the proposals that we have given at the bargaining table, and I support those proposals in their entirety. That should answer your question." t.co/jZZoQnS0UE
— SNY Yankees (@snyyankees) October 21, 2026All MLB owners want a cap. We can debate the extent to which revenue-sharing and a salary floor as part of the deal would help or harm the players, but what we CANNOT debate is whether a cap helps all owners. It helps make costs and revenues more predictable year-to-year, and makes the business enterprise all the more compelling for investors. There’s a reason that the capped leagues have had franchise valuations growing at a rate that outpaces MLB, and that’s where the BIG money is.
So, yeah. Brace for a long lockout, because we know the players are just as united against a cap. I think, in the end, a compromise that gives owners a whole lot else in exchange for no cap is probably where this lands, but it’ll take a very long time to get there unfortunately. A whole lot of goodwill that’s built up over the last few years is about to be flushed.
The Collective Bargaining Agreement expires on December 1. The World Series begins on Friday.
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