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I figured it was money but why did MLB and the NBA go to guaranteed contracts? Is it working for them? If so, why?
Their unions are stronger. MLB has gone on strike for this, NBA is driven by single players so teams have to roll over or there'd be no sport. NFL is different - more players, larger rosters, much shorter playing lifespan per player, increased injury risk. There's always a trade off in a sport where injuries happen so often and careers are short - you can get guaranteed deals but the deals are going to be much shorter.
The question for the future is, are players willing to miss a season to get this? What else are they willing to give up to get it? Prospects for the next CBA do not look good.