Jeff Passan wrote an interesting article last week. I think he tries very hard to bring the perspectives of both the owners as a collective and the players into the overall issue. It left me feeling like there wasn't any way that a cap system would be proposed and agreed to in any realistic sense.
This is an excerpt:
"Let's use a potentially realistic example that would maintain the $5.5 billion or so teams paid for players in 2025. With a $280 million hard cap and $150 million hard floor, the money teams spend would be within $50,000 of last season. What players lose on the top end -- $236 million from the Dodgers, $150 million from the Mets, $85 million from the Yankees and $69 million from the Philadelphia Phillies -- would be made up on the bottom. To reach $150 million, the Marlins would need to spend an additional $82 million, the A's and Rays $71 million, and so on -- 11 teams and $540 million total.
The problems are manifold. The union would sneer at the ceiling on teams that have proved themselves willing to spend twice that amount. The lower-revenue organizations would cringe at the tens of millions extra more than a third of the league would be forced to pay. And in no universe does a $130 million gap between top and bottom constitute competitive balance. Levering both in the opposite directions -- a $320 million cap and $130 million floor -- would placate teams' self-serving desires but would be lipstick on the parity pig. Moving everyone toward a middle, though more equitable, would exacerbate the disillusionment from restricting teams that want to spend and forcing teams that don't."
It just doesn't feel like a cap can exist that is actually effective and makes everyone happy, owners included. The players particularly would be justified in simply not being interested whatsoever.