Why Are Major League Teams Spending So Much Money?

From an AP story by Ronald Blum and Jay Cohen headlined “Why are baseball teams spending so much money?”:

Aaron Judge, Carlos Correa and Trea Turner combined for almost $1 billion in contracts. Xander Bogaerts, Jacob deGrom, Dansby Swanson, Carlos Rodón, Brandon Nimmo and Willson Contreras added up to another billion.

And that’s just nine players. Just one lucrative slice of baseball’s December spending spree.

What a difference a year makes.

It has been an epic holiday season already for several teams and players — a year after Major League Baseball locked out its players in an ugly labor dispute that delayed spring training.