League Policies, Taxes, and Profits ◾ 419
decrease salaries, it will not decrease the overall talent level as there is
nowhere else for the players to go. Some policies might change the distri-
bution of talent, but not the overall level of talent. ere might be slight
exceptions to this rule, but, for the most part, the talent level is xed.
is is certainly not the case for European leagues. European
leagues are described as “open.” e most popular European soccer
leagues compete with each other for players. Great Britain, Germany,
Italy, and Spain all have separate leagues, and it is not always clear
which league is best. e best players in the world are distributed across
many leagues. A salary cap might indeed restrict cost ...