Exactly this. Sports stars in US team sports still earn huge salaries but the leagues keep a competitive edge by having team salary caps. It makes it more interesting because its not always the usual suspects winning each year.
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Makes what more interesting exactly? Not the same teams winning each year...Patriots record in the NFL in the last decade? Each club a franchise, so nullifying to a great extent the historical community values we have here and throughout football in general.
There are no promotions, relegations or pyramid systems in place with the NFL, MLB or NBL. It could also be argued that the draft system in the US, contradicts success...hence the Philadelphia Eagles throwing their last regular game this season.
Hardly more interesting I'd say, and though we can become dewy eyed with nostalgia, think when we go back to the Dicky Jeeps at the Saints or Jack English at the Cobblers earning pennies, hardly allows for development, merely maintaining a stagnant status quo.
Having said all that, I am of course not trying to excuse or support the absurd amounts being paid to Neymar et-al in the higher echelons of sports, but £2.5 million as a cap went absurdly tge other way!