Part 2/10:
One of the foremost issues in MLB free agency is the lack of a salary cap or salary floor. This absence leads to divergent spending habits among team owners. Wealthy owners like Steve Cohen of the New York Mets have the financial flexibility to pursue virtually any player without consequences for the organization’s future. In stark contrast, teams like the Oakland Athletics, owned by John Fisher, often eschew investment in their rosters, despite their billionaire status. Fisher's reported net worth of $3.2 billion surpasses that of many high-spending teams, yet he capitalizes on revenue-sharing initiatives without reinvesting in player acquisitions.