Well Baseball as a bussiness is very successful. As much as Yankee haters dislike it, having them or Boston in the playoffs generally has been good for T.V. ratings and getting good T.V. money.
Baseballs problem is that the draft is horribly unfair because there is no cap on what draft picks can make and teams are now having to put these top picks on their 40 man roster from the day they're drafted. Jonathan Papelbon, Joba Chamberlain, and Jacoby Ellsbury were no big secret...it just happend that the Sox and Yankees could afford these guys and no one else could take that risk. If the draft could be somehow made to be fair for all 32 teams and if teams had the rights to players a couple extra years than the economic system might work a bit better.
Make no mistake, MLB loves having a powerhouse team like the Yankees in the playoffs every year and have every one else gun for them. If they could adjust the draft rules and somehow go with a balanced schedule I think they could keep going without a salary cap and maybe give some other teams a chance to turn themselves around. Right now with the current rules, it's very tough to rebuild through the draft in MLB.
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