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What you say Andy has a lot of merit. What I see that could happen is the haves being able to offer ridiculous amounts of money to a couple of select players such as Ware and/or Fitzpatrick.
Let's roll the cameras for a bit longer and assume in 2012 we have a league with few or no rules. This is when marketing pros like Kraft and Jones can really go nuts knowing all of their profits will not be going anywhere except their own interests. These moneys can be spent on any number of things like stadium facilities, player facilities, player bribes?? What about collusion? Will it run rampant among players and owners alike? It's starting to sound like every man for himself. Before we know it some oil rich Kuwaiti sheik is buying the Bengals and building a 65,000 seat domed air conditioned stadium because he can. What's next? The Oakland Sonys? CHAOS!
Well I don't think it will ever get that far. The NFL controlling factions are too smart. At least they'd better be.
You are assuming 2 thigns that are far from certain.
1) In the absence of the current rules there are no rules
2) In the absence of rules owners will do exactly what is in their own worst interest
Under a capped system, there is a limit to the loss a team can take by trying to buy a winner and failing. It costs a TON more money to fill your cap with amortized signing bonusses than with salary under the current system. Up until now the system limits how much money you can spend on a bad idea (the idea that signing lots of expensive free agents will result in winning). If it becomes uncapped, how many years multi million dollar losses by signing players who didn't produce a championship will an owner put up with.
Lets apply it to the past. The Jets would have paid Favre $50,000,000 last year to buy a Championship, which they thought they were doing. With that 50mill down the tube, how much do you think they would throw at the next quick fix?
No doubt richer owners will have an advantage. So. The idea that the NFL is better with parity is not something I agree with anyway.
By the way, the majority of the revenue to each owner are the TV contracts which are shared equally. That keeps the separation from rich and poor apart.
The Yankees don't spend more because Steinbrenner has it sitting in a vault, or because of gate receipts. They spend more because they have the most lucrative TV contract in existence. That results from big market, but if the TV reveneues were shared, the Royals and Yankees would be close to even.