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Essay text:
Mostly funded by private enterprises, with partial funding from public taxes; the MLB as a whole brought in $132 million in 2005 of operating income, which jumped to $360 million of in 2006 (Orzanian). The overlapping schedules make the National Football League the most competition the MLB has for viewers.
Key Issues:
In 1994, the league tried to impose a salary cap on the professional players, this action resulted in a player strike. This strike lasted into the 1995 season, before the teams decided to impose a “luxury tax”, which taxes the teams who have an aggregate payroll in excess to an annually revised figure...
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