Rockies owner: Dodgers' spending shows MLB needs salary cap

Colorado Rockies owner Dick Monfort believes Major League Baseball needs a salary cap if a team like the Los Angeles Dodgers is going to continue spending tons of money.

"Something's got to happen," Monfort told Mark Kiszla of The Denver Gazette. "The competitive imbalance in baseball has gotten to the point of ludicrosity now. It's an unregulated industry.

"The only way to fix baseball is to do a salary cap and a floor. With a cap, comes a floor. For a lot of teams, the question is: How do they get to the floor? And that includes us, probably. But on some sort of revenue-split deal, I would be all-in."

Monfort's comments come after the reigning World Series champions pushed their 40-man payroll over $300 million this winter, stacking their already-potent roster with free agents like Blake Snell and Roki Sasaki.

Meanwhile, the Rockies are projected to win 56 games by PECOTA, which would be the franchise's third straight 100-loss season.

Monfort said he believes baseball's current structure only benefits big markets, with five of those franchises sitting near the top of payroll spending, while everyone else stands no chance to keep up financially.

"The Dodgers are the greatest poster children we could've had for how something has to change," Monfort said.

"Sports are supposed to have some sort of fairness, right? There's got to be some purity."

The Rockies rank 21st in the majors in payroll, according to Spotrac. They signed reliever Scott Alexander, catcher Jacob Stallings, and infielders Thairo Estrada and Kyle Farmer for a combined $10.5 million this offseason.