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Cubs Ranked 5th In Salary In '07
With a payroll of $115.9 million, though some of that went to Mark Prior so it shouldn't count. In fact, in the words of Kramer, they should be able to write it off.
It's no surprise that the Yankees led the way at $218.3 million. They took in $415 million and gave away $100 million as part of the league's revenue-sharing plan - or nearly the combined payrolls of Tampa ($31.8 million), Florida ($33.1 million) and Washington ($43.3 million).
Update: By the way, this is a stark reminder of the goofiness of revenue sharing - and how certain teams coast along on the backs of successful franchises. In 2006, for example, the Devil Rays had a payroll of $35 million - while receiving $30 million in revenue sharing. For simplicity's sake, this would basically mean their real payroll was $5 million, no?
To receive revenue sharing, teams should have to commit to at the very least matching what they receive from other teams in their real salary payments. Therefore, if the Rays are to receive, say, $35 million this year they must commit to a $70 million total payroll (and it appears they have increased payroll significantly for '08 - just using them as an example).
The economists can probably tell me why I'm full of it on this one, but I'm speaking for the fan. And America. And the children. In Tampa. And Pittsburgh. And Kansas City.
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