Curious as to why you think this? The Dodgers just buying all the good players now?
Even with the Dodgers and Yankees outspending it still seems pretty competitive to me. Texas is a small market team and just won the World Series 2 years ago.
Competitive imbalance notwithstanding, MLB just lost their ESPN contract. There’s not a single major sport that doesn’t have some sort of presence on the Worldwide Leader. Especially at a time when media rights are growing for pretty much every other league.
Many MLB teams are also reliant on regional broadcast partners for revenue. That went through a major upheaval last year with Diamond Sports bankruptcy. While many teams were able to survive that bankruptcy case, MLB had to takeover broadcast operations for the Arizona Diamondbacks and San Diego Padres. Regardless, that business model is clearly dying, and fast, as exemplified by YES (the most successful RSN) and Comcast’s recent contract feud, as well as MASN’s with the Orioles. It’s notable that YES/Comcast weren’t able to negotiate a new deal but only extend their old one to keep Yankees games on TV. Very telling.
This reliance on RSNs also causes the sport to be hindered by an archaic blackout policy for its MLB all-access pass to protect the dwindling RSN revenue source. This policy greatly inhibits viewership for fans who live in the team’s market but don’t have cable (a growing segment)
The Dodgers are only able to spend what they are spending because a.) they are banking on additional revenue from the Japanese market with Shohei and b.) they are deferring payments on many of their huge contracts including Shohei. While Japan is a source of growth, U.S. viewership has been declining. U.S. viewership did grow 6% YoY last year (the first time it’s done that since Covid). However, just look at decade by decade average World Series viewed to see how far the sport has fallen
- 2020s (hurt by Covid): 11.3M viewers
- 2010s: 15.6M viewers
- 2000s: 19M viewers
- 1990s: 26.7M viewers
- 1980s: 34.45M viewers
If college football was experiencing MLB’s decline, ISU would be screwed because contraction would happen. I expect contraction or relocation to happen in MLB soonish as well. MLB currently has 1 franchise in Forbes’ top 10 valuation (Yankees), 2 in the top 25 (Dodgers) and 3 in the top 50 (Red Sox). And neither the owners or players have the leadership necessary at this point to dig the sport out of its hole, as evidenced by its catastrophic failure of a season during COVID (it did eventually , but the season was a failure compared to how every other league handled the situation).