" Until the World Series was sacrificed in 1994, it was easy to ignore the issue of salary caps in sports. Then the National Hockey League season was put on hold and remains in peril. The National Basketball Association began rumors of canceling their season if the players refused to accept salary caps. The one sport that seemed to demonstrate the merit of salary caps, the National Football League, also became newsworthy when prime players started losing their jobs and many others took dramatic cuts in their salaries. Suddenly, salary caps are an integral aspect of professional sports that affect the economics of sports teams and raise emotions between owners, managers, players and fans.
This research examines the economic impact of salary caps in sports and explores some of the arguments for and against.."
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