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That's why I like Costas' suggestion.
Take all the media revenue, both local and national, from all the teams and throw it in a pot. Each team takes an equal amount of this. This amount becomes the minimum salary floor for the next season, so every team has to spend that much. The salary cap would be 3-4x that, or something similar.
Each team keeps their ticket revenue in the structure they use now (visiting team gets 30-40% or something), and all other revenue they get from merchendising and concessions and that stuff.
This keeps teams like the Sox and Yankees from buying whomever they can get, while teams like Milwaukee and Pittsburgh have to spend a certain amount on players.
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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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