They have a salary cap in Australian Rules and it works very well IMO. The difference is that it is a minor sport in the scheme of things and is required to keep the clubs from either committing financial suicide and/or dominating the comp. They have a draft system in place as well and that evens the comp up over a period of time.
But football is different. The day say England brings in a cap the players would make an exit to play in Italy, Spain or Germany.
I am not sure as to the answer to stop this type of extravagance. I have to say that it is crazy money though. If kaka is worth 100 million Euros what the heck is Ronaldo worth?
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