Death spiral? MLB revenue was $6.6 billion in 2009. It was $7.6 for the NFL. According to this (outdated) article, MLB was actually growing sales at a better rate than the NFL over the past decade or so: http://money.cnn.com/2007/10/25/commentary/sportsbiz/index.h...
The recession seems to have hit both leagues pretty hard.
The MLBPA is the strongest union in professional sports, and there's no way that they'll allow a salary cap. After what happened with the last player's strike, I don't think the owners would be willing to take another strike.
The MLB still has some competitive balance issues, but they're getting better. And I'd bet that a perfectly competitive league would actually generate less revenue than a league with a team like the Yankees. You have to give it to them, they fill up the house wherever they go.
The recession seems to have hit both leagues pretty hard.
The MLBPA is the strongest union in professional sports, and there's no way that they'll allow a salary cap. After what happened with the last player's strike, I don't think the owners would be willing to take another strike.
The MLB still has some competitive balance issues, but they're getting better. And I'd bet that a perfectly competitive league would actually generate less revenue than a league with a team like the Yankees. You have to give it to them, they fill up the house wherever they go.