1. The value of a league has been demonstrated through the likely elevation of revenues. However, as illustrated in the graphs in the class and readings, sustaining competitiveness in a league requires sharing revenues and talent. a. Discuss how revenue and talent sharing leads to lower salaries for players. b. With the loss of revenue by larger market teams but lower salaries overall, does a league structure create benefits for owners? c. A few years ago Major League Baseball raised the possibility of eliminating low revenue teams and distributing the players to the other teams. Do you think fewer teams would lead to a more profitable league and higher (or lower) salaries for players? Why? In the end, MLB decided NOT to disband any team