Imagine a world with a limited number of grocery stores in each town. The richest people bid for them, because the stores are guaranteed money-makers. Even if you don't make a big profit, there is such a desire to own a grocery store that you can always sell your store for double what you paid for it five or 10 years ago.
What if the grocery store owners start complaining that they're not making enough money? They think that other grocery stores have an unfair advantage, because they are in a richer part of town and spend more on their displays. The complaining store owners still make plenty of money and can still double their investment by selling to an eager buyer. But it's not enough. They need to cap the salaries of their workers.
Forget that these rich people make plenty off their business and can make a huge profit by selling. They want more money! They blame the workers for the fact that the owners in the nicer part of town spend more money.
The grocery store owners are like major league baseball owners.
The owners of the 30 major league franchises (27 of whom are billionaires, with an average net worth of $4.7 billion) will lock out players Dec. 1, demanding that the players agree to a salary cap, locking in in a predictable profit margin for the owners. Despite a lack of evidence, they say that small-market teams (such as the Milwaukee Brewers and Tampa Bay Rays, who played in this year's World Series) can't compete with that grocery stores in the rich part of town (the Los Angeles Dodgers and New York Yankees, the latter of which hasn't won a championship in 17 years).
However . . . when the owners lock out the players, the public historically sides with owners and calls the players "selfish."
How did baseball owners, many of whom inherited fortunes and none of whom we entertain us, become sympathetic figures? It's mystifying.
The looming owners-forced lockout will almost certainly wipe out some or all of next season and it makes no sense: Every owner in major league baseball could spend more and be fine. The Brewers and Rays proved that you don't have to do that to succeed.
The truth? Baseball (and other sports) doesn't need a salary cap. When team owners don't spend, they make a business decision, like the grocery store owner choosing not to remodel the deli section. Like every business, baseball owners make bottom-line decisions, but unlike other businesses, owners can cash out for a huge profit at any time.
Baseball isn't a level playing field, but then again, nothing is. The cash flow of grocery stores, barbershops and restaurants depends on where they're located. Same with sports teams, to some extent.
Baseball's "small-market" problem is a factor, but owners can address it without locking out the players. Baseball owners could pool their local broadcast revenue (one of the biggest reasons for income disparity) and divide it equally. They don't. Sharing local broadcast revenue would provide the soon-to-be Las Vegas Athletics and the Miami Marlins (both owned by a men worth at least $3 billion) more money to "compete" with the Dodgers, Yankees and Red Sox.
If that isn't enough, they could sell.
The San Francisco Giants sold for $8 million in 1976 and for $100 million in 1993. Now they're valued at $4.1 billion. Adjusted for inflation, the 2026 value is 100 times greater than it was in 1976. That's adjusted for inflation.
The last time a major league baseball team sold for a loss was 1973, when George Steinbrenner bought the Yankees for $10 million. Now the Yankees are now valued at $10 billion – an inflation-adjusted increase of more than 100 times. Every dollar they spent on the purchase in 1973 – adjusted for inflation – is now worth $100.
No one ever loses money by owning a major league baseball team. Everyone who owns a baseball team is fabulously wealthy.
So when the owners lock out the players Dec. 1, there will be a temptation to say it's just billionaires and millionaires fighting over how to divide the pie. However, the fight is entirely the responsibility of the billionaire owners.
They already have incredibly profitable businesses. They want their employees to sacrifice so they can make more money.
When baseball starts losing games next season due to the lockout, don't blame the players. This is an owners-started money grab.
Reach Brad Stanhope at bradstanhope@outlook.com.







