Dont like the draft and international limits..
Baseball is a free economy of sorts right?
I'm not an economist, but I think baseball isn't really a free market at all...players are cost controlled for at least three years before they get their arbitration years, which is even more cost controlled, at which point the teams can spend whatever they want, but for the most part you can argue that players aren't getting paid their full value unless the teams want to splurge early on. In the beginning, unless they decide not to sign with the drafting team, they don't actually have control as to where they get to work. They basically take their money and the teams are free to do whatever they choose, but maybe there's some freedom in the fact that they chose to sign that contract in the first place.
It's basically a business with 30 major partners who decide what they want to do with all the money. Only part of it will be given to the players, and I am guessing that the % of revenue was one of the points that needed to be hammered out between the owners and the players' union, and is why the NBA is having issues and why the NHL and NFL had issues in the past. The baseball players are employees and the GMs decide how much they're willing to pay said employees within their owners' limits. In that sense I guess the economy dictates itself within the baseball world, because it tells you that A-Rod is worth a shitload of money but a guy like Micah Hoffpauir needs to go to Japan. Speaking of international signings, the whole posting system with Japan is annoying and is one of the reasons why Yu Darvish is being wishy-washy.
Maybe what I wrote above doesn't actually have anything to do with the economy but rather how baseball isn't governed by the same rules as in real life. I dunno.
I also am not a fan of the draft and international limits, which sound like they'd really handicap small market teams as well as the Cubs' own effort to rebuild.
