Boston Red Soxowner John Henry renewed his call for a salary cap on Wednesday after an off-season in which the New York Yankees added three free agents for $423.5 million.
Henry's call came exactly five years after he first proposed a salary cap in the wake of the Yankees' trade for Alex Rodriguez after the Red Sox failed in their attempt to obtain him from the Texas Rangers.
So let's see...Henry first called for a salary cap after the Red Sox were foiled by the Yanks in their efforts to land A-Rod. He now renews his call for a cap after an off-season during which the Yanks stole Mark Teixeira away from the Sox at the last moment.
He lost A-Rod and Teixeira for the same reason—he got cheap at the last moment. Henry was willing to go to $20+mm for Tex, but not $21mm; he was trying to force A-Rod to cut the value of his contract by $9mm over 7 years - and wouldn't budge.