10 Reasons L.A. Dodgers Are—and Aren’t—Making Baseball Consider a Salary Cap

Of the top tier of North American professional sports leagues—hockey's NHL, football's NFL, basketball's NBA, soccer's MLS and baseball's MLB—only Major League Baseball does not employ a salary cap. In lieu of a bona fide cap, MLB implements a luxury tax, allowing teams to exceed a certain payroll threshold in exchange for a tax, payable to the league, which is imposed on the excess amount.

For a sport in which the New York Yankees have long held the top slot of highest payroll expenditures—New York's AL club has spent more on players annually every season since 1999—the debate o...

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