The new Collective Bargaining Agreement is an absolute joke for baseball. It only widens the gap in between the smaller market teams (Tampa Bay, Oakland, Pittsburgh) and the large market teams (New York, Boston, Philadelphia). Small market teams are no longer able to spend on the draft as in years past. There was no need for a draft cap. 

Small market teams were spending anywhere from 10 million to 17 million on the draft in an effort to improve their rosters. That's equivalent to a 2 or 3 WAR player. Now teams are limited to 2.9 million unless they wish to lose future picks. 2.9 million is a bench player. Small market teams are now forced into using free agents acquisitions and trades to improve their roster. Teams with payroll caps like the Rays and Athletics are now competing directly with the Yankees. How on earth is any team supposed to run a system like that when they draw one tenth of fans and sell a fraction of the merchandise? The cap on international spending has the same effect. 

Not only that, but the quality of players that the MLB will draw has gone down. Say goodbye to players like Carl Crawford, Grady Sizemore and Bubba Starling in the future. They are no longer interested in playing in the MLB if teams aren't going to be able to spend the appropriate amount of money. All these two sport athletes will be tempted to head down a football path.

Selig clearly felt 15 million spent on the draft was hurting baseball more than 60 million dollar guaranteed contracts handed out to veterans heading to big market teams. Mark this day on your calendar everyone, this is the day Bud Selig broke baseball.