Competitive Balance, Reprise

In the wake of the Yankees' latest World Championship (congrats to the Yankees and their fans), the issue of financial disparity has resurfaced with renewed vigour, with the most common refrain being in support of the simplest idea available in the public domain: a salary cap. In light of such, I would like to direct all readers of this blog to the report on competitive balance (the subject of my first post on this blog) that MLB commissioned of the independent Blue Ribbon Panel on Baseball Economics (<-PDF), headed by George Mitchell, at the beginning of this decade. Note that nowhere in the report is any form of a salary cap suggested, and that most of the recommendations have yet to be implemented or even pushed for by MLB.