Last week my brother and I hammered Houston Astros owner Drayton McLane’s absurd oft-repeated notion that baseball should have a salary cap.
Here’s this very good, and well-researched piece by Richard Justice at the Houston Chronicle/Sporting News in response to McLane’s whine.
Justice says no way, sir. And here’s why:
First, baseball has done pretty well without a salary cap. Drayton McLane’s $115 million investment in 1992 is now worth $600 million. Good work if you can get it.
Second, money doesn’t buy championships. You can look it up. Drayton presumably knows this, too.
Third, a salary cap rewards incompetent management. Why should a team that’s run well, that has grown its revenues, have to write a check to an idiot that has run a franchise into the ground?
Fourth, money isn’t the reason the Astros haven’t won a championship. Drayton has to know this part of the deal.
Justice goes on to explain that under McLane, the Astros’ revenues have gone up to an annual average of $200 million a year, got rid of his GM Gerry Hunsicker, spending too much on free agents and not on draft choices (something the Yankees are good at), and pretty much did not support his team’s farm system.
So, Drayton McLane is just another bad example of a bad owner that does not run a good, sound organization like the Los Angeles Angels, the Boston Red Sox, the Chicago Cubs, and the New York Yankees.