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The problem with your argument, Chauncey, is that most of the owners are buisnessmen. They built businesses, and made a lot of money by knowing what makes money.
They aren't willing to spend money on a baseball team just to spend the money, because it goes against everything they have done with their lives. Their goal is to maximize their return from this investment. If that means spending less on players and fielding a less competetive team, then so be it.
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"Final thought: I just rented Michael Moore's Bowling for Columbine. Frankly, it was the worst sports movie I've ever seen."
--Peter Schmuck, The (Baltimore) Sun
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