AKB, interesting points and I thought maybe we could play with the issue a bit more.
First of all, a Cap does not equate with revenue sharing. The Cap merely protects the owners by putting a Cap or ceiling on how much they can pay. Whether the Yankees and Red Sox share any of the revenue is an entirely different matter.
But assuming there were both a Cap and revenue sharing, that does not guarantee a competitive situation either. The NFL has a Cap and revenue sharing. But one need only look at our 49ers to recognize that having equal money does not mean it will be spent, or spent on equal talent. While I understand that you would like the quality of play equalized, that does not come from a Cap and the NFL proves that I think. Also, if I recall right, the Devil Rays owned the Yankees last year.
Finally, I see you love Nebraska football. I assume we would agree that Nebraska football probably has a budget which is probably 2x that of a school like Iowa St. Why is it okay to use their financial advantage to return "to DOMINANCE" at the expense of little old State. If we wanted equal competition, shouldn't the Huskers be sharing that revenue dominance also?
Brad, good luck on your paper. Hope I have given you some ideas and areas to consider. BTW, if you spent a summer with a minor league baseball player, you would come to love what they do, but might also understand a lot better why the salary situation in MLB is what it is and why a Cap/Revenue sharing is not the solution, nor a necessity.