Friday, May 1, 2026

Market Discipline

I saw a survey not too long ago that found baseball fans are warming to the idea of a salary cap. So, maybe I should get onboard, too. In fact, I will just as soon as owners can spell out how savings for them will be passed on to me. In the meantime, I’m still inclined to point out how well the market works on its own: The Dodgers get what they’ve paid for. The Mets, not so much. After blowing the rubber game to the Nationals at home yesterday, the Mets have themselves a 10-21 record to go with a $357.6 million payroll, the highest in baseball for a 40-player roster (per USA Today from 3-25-2026). Francisco Lindor is hurt; Juan Soto has been hurt; and free-agent acquisition Bo Bichette is hitting .230 with fourteen RBIs. Guess who has fifteen? Miguel Vargas. Speaking of ex-Sox players on the Mets, Marcus Semien is looking every bit of 35, with a .218 BA and nine RBIs in 110 at-bats. And Luis Robert Jr., who not too long ago was saying how nice it was to play in front of a lot of fans for a change, just went on the—wait for it—IL with “lumbar spine disc herniation.” Bet that clears up real fast. The only way for things to improve is if everyone starts to play up to the stats from the back of their baseball card. If they don’t, the Mets end up like a Rick Hahn team. Wait, wasn’t Hahn the one who told Sox fans to chill because it was only a matter of time before Yasmani Grandal—wait for it—played up to the stats on the back of his baseball card? Only it didn’t happen. Mets’ owner Steve Cohen spent recklessly and is paying the price. Why let a salary cap protect a fool from his folly?