PROS for salary cap:
Will eventually lead to lowering prices at Fenway and all ballparks
Every team's fate will be decided by the intelligence of their general management, and who they can sign.
Scott Boras will finally f*** himself
All teams are pretty much equal, and start from zero.
CONS for salary cap:
All teams are pretty much equal, and start from zero.
Teams already have players, and would have to renegotiate contracts, and that would have to be allowed, making an already complicated process even more difficult.
The Sox/Yanks rivalry may die. We have always been the underdogs, the yankees the big spenders, if both teams are equal, or god forbid, the sox are better, then the bitter hatred of a rivalry we have may vanish.
Just some thoughts, feel free to add onto any list.