Rockies owner Dick Monfort believes MLB should implement salary cap

Rockies owner Dick Monfort believes MLB should implement salary cap

The reigning World Series champion Los Angeles Dodgers had arguably the best offseason across MLB, acquiring Blake Snell, Tanner Scott, Hyesong Kim, Kirby Yates and Roki Sasaki, arguably the best starting pitcher on the market entering the offseason.

That hasn’t stopped opposing front offices from being upset, however. New York Yankees owner Hal Steinbrenner expressed concern about the state of the spending in late January. Now, Colorado Rockies owner Dick Monfort made some strong comments this week about implementing a salary cap.

“Something’s got to happen,” Monfort recently said, according to Mark Kiszla of The Denver Gazette. “The competitive imbalance in baseball has gotten to the point of ludicrosity now. It’s an unregulated industry.

“The only way to fix baseball is to do a salary cap and a floor. With a cap, comes a floor. For a lot of teams, the question is: How do they get to the floor? And that includes us, probably. But on some sort of revenue-split deal, I would be all-in.

“The Dodgers are the greatest poster children we could’ve had for how something has to change. … Sports are supposed to have some sort of fairness, right? There’s got to be some purity.”

The Dodgers enter the 2025 MLB season with the league’s second-highest payroll at $306 million. The Rockies, meanwhile, own the 10th-lowest payroll at $111 million, above teams such as the Athletics, Tampa Bay Rays, Cleveland Guardians and Pittsburgh Pirates.

The Dodgers’ payroll is above the final competitive luxury tax threshold, which is slightly over $300 million. For most teams, that is the “salary cap,” given the penalties; there’s a 60 percent surcharge on every dollar spent, and that will multiply if you’re over the CBT for a certain amount of years. For more on that, click here.

The worst part about all of this is the Dodgers signed these free agents to around market value. Sure, they are far more appealing than most other franchises on paper. But the Dodgers aren’t drastically overpaying to sign these players; 29 other MLB teams aren’t, so they are.

Dodgers have accumulated over $1 billion in deferred payments through 2046

If teams have a problem with that: Spend! Certain markets generate more revenue than others, but if you build a good team that achieves success, you will generate more revenue. It’s unfortunate to see the majority of MLB teams not spend as much as they should, so there should absolutely be a salary floor … but not a legitimate hard cap.

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