I agree with almost everything you said. My only response is that given these two formulas (spending up the *** vs. basically being a perfectly executing organization), the teams that spend, spend, spend for the most part have (or should have) the opportunity to compete for a title every year where as the other teams that build from within are only going to compete for short spurts of a few years then have to rebuild all over again.
I look back to the early 00's A's. Had they had the resources to carry a larger payroll ($100M+), they could have kept that team together for a few more years and made 2 or 3 more runs, but they couldn't and had to trade talent they developed in their system as they were heaing into their prime years (Hudson, Mulder, Zito, Tejada, Ethier) for prospects and start all over again.
So yes, teams like the early 00's A's and the Twins and the Rays can build from within, but once that talent matures and becomes unaffordable, the teams have to start all over from scratch. We'll see it from the Rays this year as they have to cut their payroll by 1/3.
I don't fault the Yankee's, Red Sox, etc. for spending. Like you, it's more bothersome for me to have teams receiving luxury tax money and not spending it. However, for me, I see the field as completely unbalanced and think that the game would be better off with a cap.
I don't imagine the World Series of Poker wouldn't be as huge of an event and nearly as popular or fair if most players entered with $10,000 in chips and some had $150,000 to start with.
I'm kind of hoping the Yankee's win like 10 or 15 in a row as it may be the only way change happens.
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