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Miami has had a baseball franchise for 30 years and it has never gotten the support you would expect for such a large market.
Neither has Tampa.
Obviously people are making money, otherwise owners of the Marlins and Rays would have threatened to move out of State by now. It is a business, after all.
You put a salary cap in this game, it won't make these teams spend more. They'll just pocket more money.
And sure, every once in a while some above average star will find themselves on one of these teams and it'll make them marginally more competitive. But the result will be a restriction in player earnings.
It's very simple.
Owners will never agree to a salary floor because nobody will accept being told they have to spend money. And players will never agree to a salary cap because it kills what their true market value is.