2000 – Major League Baseball owners vote to approve the $320 million sale of the Cleveland Indians to Larry Dolan and his family trusts. They also vote to give Commissioner Bud Selig power “without limitation” to ensure “there is an appropriate level of long-term competitive balance among the clubs.” He can override all of baseball’s rules, and even attempt to impose a salary cap if he thinks it necessary to reach an agreement with the players following the 2001 season.

 

On January 19 2000 — 2000 – Major League Baseball owners vote to approve the $320 million sale of the Cleveland Indians to Larry Dolan and his family trusts. They also vote to give Commissioner Bud Selig power “without limitation” to ensure “there is an appropriate level of long-term competitive balance among the clubs.” He can override all of baseball’s rules, and even attempt to impose a salary cap if he thinks it necessary to reach an agreement with the players following the 2001 season.

 

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