Spending money doesn't guarantee success but there is a clear link between how much teams spend and how much they win.
You will have the occasional exceptions - like Tampa Bay last year or the great As teams from a few years back - but for the most part the teams that generate a lot more money win a lot more games.
But MLB doesn't care because it defines its success based on what happens in Boston, Chicago, LA, New York, etc and really doesn't give a rat's rear end what happens in KC, Pittsburgh, Toronto, Tampa, Montreal...er...Washington, etc.
So the question becomes why should we care as fans. Is there a point to being a Jays' fan anymore?
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