I don't disagree with the principle of this blog entry but I think it's worth pointing out that other baseball costs have risen dramatically over the past 15 years. Minor leaguers are paid *way* more now (good), front offices are *much* larger, investment in tech and infrastructure is much higher, the list goes on...
It takes a lot more revenue to run all the non-payroll parts of a major league franchise than it did in the past.
With that said, all we have to do is look at the Braves, the only team that has a legal responsibility to open their books to the public. And they're wildly profitable.
Costs have risen, to be sure, but so have profits.