Oh, Drayton. You must think we're all a bunch of idiots.
Astros owner Drayton McLane is one of the wealthiest men in the country and is accustomed to hearing about multimillion-dollar deals being made in any of his numerous business ventures.
But even McLane finds himself astonished at the kinds of cash the New York Yankees have been throwing around this winter. So much so that McLane said he would be in favor of Major League Baseball adopting a salary cap.
"We would love to have a salary cap, but the (players') union has been very resistant to that," McLane said this past week.
UPDATE: The reason for the wide spectrum of MLB payrolls isn't that the Yankees spend too much. It's that too many teams spend too little. Odd how seldom that comes up in the conversation, though again, even Richard Justice realized it. Thanks to Dan Drezner, who notes that if American corporations were acting like the Yankees we'd be well on our way out of the current economic downturn, and LGM for the pointer.Posted by Charles Kuffner on December 31, 2008 to Baseball