This has been a fascinating off-season to watch. I hope Harvard Business School or some other institution does a case study on this whole topic. From a purely business perspective you have a number of things going on: BTW, I am not taking a position for owners or players... 1. I think the GM's have gotten a lot smarter when analyzing these FA contracts. I don't know the systems, metrics or the logarithms they are using but they may have wised up when it comes to the length of the contracts they extend to 30+ year olds. It doesn't look like a dollar-per-year issue but a length of time issue. 2. The payroll tax has really come into play this year. When two big market teams like the Yankees and Dodgers are trying to get under that limit they will not be aggressive and won't commit the dollars to these FA's (thus driving down the value of the free-agents services). Clark poorly negotiated this item and will get hammered for it by the Players Union. Just wait and see... 3. Nothing and I mean nothing ever grows all the way to the sky. Stocks, businesses, incomes, home values, etc. Free agency is a great mechanism for players to really see what the market can bear when it comes to salaries and compensation. However, for some of these guys now and into the future the always rising pay may have just leveled off or even dropped. That's economics 101. 4. Point number #3 above is valid BARRING ANY OWNER COLLUSION. I bolded that statement because its one of the biggest reasons people give when asked why the big names haven't been signed yet. I am somewhat skeptical about collusion taking place with the owners for a number of reasons: First it is very illegal (I know people break laws everyday) but this takes some considerable logistics and planning on their part. Secondly, the owners got hammered by this back in 1987. It would boggle my mind if they did that (not saying it can't) but unlikely. Is it collusion when one free-agent already signed for $80mm? Is it collusion when Yu Darvish is getting $100 million dollar offers and turning them down because he wants $150 million dollars? I can't answer that but its a hard argument to make. Not sure where all of this is headed but it's interesting to watch. As a Twins fan I'm glad the Yankees and Dodgers are holding back. I'd like to see us get a great FA this year and at a good price!