I’ve been hard on Terry, you guys know this, but here he drops the facts…
6. Very few Midwestern teams are being sold. Dan Gilbert bid on the Milwaukee Brewers before purchasing the Cavaliers. His final bid was in the $200 million range. Why didn’t he go higher, since he paid $375 million for the Cavaliers? Because the Cavs have LeBron James, and because they play in a league where there is a salary cap to help teams keep stars. Baseball’s no-cap system makes franchises less attractive to savvy buyers such as Gilbert. The Indians would be a difficult team to sell in a depressed economy and in a city such as Cleveland, which is not a growing boomtown.
Great comparison and indicative of how MLB not having a salary cap affects ownership’s position.
