Baltimore Orioles owner Dave Rubenstein takes a shot at the MLB
Photo credit: Sports Business Journal
During a recent interview, Baltimore Orioles owner Dave Rubenstein stated that he is a strong believer that the MLB needs to implement a salary cap.
The discussion of adding a salary cap in the MLB has been around for decades and was actually one of the reasons for the 1994 lockout but while some owners are for it, the majority of players are against it.
Orioles owner Dave Rubenstein believes the MLB should add a salary cap
The MLB is the only North American major sports league left that has yet to implement a salary cap, while they do have a payroll tax system, the richest teams continue to thrive as they can spend the most money on free agents.
In an interview with Yahoo finance, Rubenstein stated that he is one of the owners that would like to see the MLB adopt a salary cap similar to the system that the NBA and NFL use.
"I wish it would be the case that we would have a salary cap in baseball the way other sports do, and maybe eventually we will, but we don't have that now," Rubenstein told Brian Sozzi of Yahoo Finance at the World Economic Forum in Davos, Switzerland this week. "I suspect we'll probably have something closer to what the NFL and the NBA have, but there's no guarantee of that." -Rubenstein
It is no surprise that the Orioles owner would be in favor of a salary cap as they would be more competitive on a regular basis since they had one of the lowest payrolls in the MLB which is normal for them.
The Orioles last season ranked 22nd in terms of payroll last season with a $109 million payroll at the end of the season but were at $156 million on Opening Day.
Last year, Baltimore's payroll of approximately $109 million ranked 22nd in the league, according to Spotrac. The team's projected 2025 Opening Day payroll of $156 million sits 15th out of 30 teams, per FanGraphs. That increase is thanks to a few free-agent signings, including outfielder Tyler O'Neill on a three-year, $49.5-million deal, and veteran starters Tomoyuki Sugano and Charlie Morton on one-year pacts. -Sharkey-Gotlieb
The Orioles have often been seen as a farm team to many powerhouses such as the Yankees and Dodgers as they draft great players but after their first deals, they can no longer afford to keep them.
It will be interesting to see if the MLB ever decides to implement a salary cap in the near future.
Source: The Score
Orioles owner Rubenstein: 'I wish' MLB had salary cap
Orioles owner Rubenstein: 'I wish' MLB had salary cap
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