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GMs throw cash to the wind

So much for fiscal restraint. Free-agent signings like J.D. Drew are proof the money is flowing nicely in MLB.

Originally Published: December 27, 2004
By Sean McAdam | Special to ESPN.com

Everything was in place. General managers warned that the "market correction'' which was first evident two offseasons ago, would continue. Major League Baseball, narrowly skirting around the issue of collusion, offered salary guidelines to its clubs, suggesting what players could be "slotted,'' just as happens with the NFL draft.

This was to be the continuation of a brand new era of fiscal sanity in baseball, a sober accounting of money well spent. No more bidding against themselves. No ...

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