Part 4/11:
This financial divide not only fosters competitive imbalance but also raises questions about the long-term stability of the league. As David Rubenstein, the new owner of the Baltimore Orioles, noted, the absence of a salary cap limits the franchise values compared to other major sports leagues like the NFL and NBA. The financial landscape of baseball is changing, primarily due to diminishing television revenues and increased operational costs, driving owners to consider a sustainable spending model.