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Why Salary Caps Are Essential in Professional Sports Essay Example

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Why Salary Caps Are Essential in Professional Sports Essay Example
Francisco Garcia
Professor Geiselmann
Freshman Composition
28 February 2013
Salary Caps: Financial & Competitive Stabilizers

Professional sport leagues have many restrictions within their organization to prevent the downfall of their leagues. There is one restriction in particular which prevents the leagues from financially collapsing. This restriction is known as a salary cap. A salary cap is the amount a team can spend on their player roster and coaching staff. Salary caps help the league maintain an equal competition within the season. Although it may help maintain a level playing field, salary caps have their cons. They can make the owners of the sport franchise wealthier at the expense of their athletes. If salary caps were not enforced, players could receive an unlimited amount of money as a salary. This gives athletes some leverage in the contract negotiation process. Several players would then ask for enormous contracts which would leave other players with salaries that are minimal. Teams would also offer superstar players an unlimited amount of money to outbid the other teams that were interested. This would result in a bunch of overpaid athletes throughout the league. These outcomes would lead to the financial downfall of the league. Salary caps are essential within professional sport leagues to maintain stability. Furthermore, salary caps are necessary because they keep an even competition throughout the league, prevent teams from having an overpaid superstar filled roster, and restrict teams from offering superstar players an unlimited amount of money to outbid other teams ultimately leading to the downfall of the league’s financial stability.
Salary caps within professional sport leagues keep an equal level of competition when all factors are considered. The absence of a salary cap would result in a team full of overpaid all stars. Superstar players would sign to a team with a huge market and salary cap. An abundance of superstar players
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