Re: Land of Greed

[bob miller <bob@mymenus.com>]

> > After reading the article about Garnett's rejection of the 6-year $102
> > million contract, I began to worry. How long can this go on???? Salaries
> > are increasing too much. I think there should be a limit on how much a
> > player can be paid. If nobody stops it, ticket prices will multiply very
> > rapidly.
>
> The short answer is, it will go on as long as the owners can still make a
> profit.  A limit on salaries is called "restraint of trade", and is illegal
> under the anti-trust laws, unless the players agree to it.  The veterans
>were
> willing to agree to it on behalf of rookies not yet in the league, but just
> try to limit their salaries, and watch the lawyers get rich.

But their salaries are already limited by the [unfathomable] salary cap,
which they agreed to eons ago when the league was in poor financial shape.
At some point, players will demand that the cap must go. That'll be real
interesting...