It certainly sounds that way...
"On the heels of the Dodgers' and Mets' financial problems, The Los Angeles Times reports that nine of 30 major league teams are carrying debt 10 times more than annual earnings, in violation of MLB rules. The other seven are the Orioles, Cubs, Tigers, Marlins, Phillies, Rangers and Nationals (WEEI)."
If this is true that is a really bad sign. I am really shocked to see the Phillies on that list, because of all their success and a pretty good fan base. What this all boils down to is that baseball has been a mess for a long time. As much as I love the Yankees and Red Sox buying up every great player there is going to come a time when this sport is going to need to fall in line with the rest and get a salary cap, because the cost of these players is just way too much. Sure, baseball isn't as popular, but sports go through cycles and I don't ever see it dying out. Yet, they are going to need to cut down on the massive contracts. There is no reason a player should be making 25+ million a year. Even the low level guys get paid too much. I mean a backup catcher can pull in over $3 million. That's just stupid, and something has to be done. Maybe there needs to be a serious lockout, but one day there will have to be a salary cap of some kind.
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