BASEBALL BONANZA?

It is the best of financial times for MLB, setting a new revenue record with over 8 billion dollars in 2013.  They are constantly finding new revenue streams.  Local, regional and national TV contracts are a big part of the boom as are MLB Advanced Media (online content) and Licensed Merchandise.

Regardless of a particular team's situation, a good financial practice is to spend money responsibly and not make risky moves for large sums of money.  Some antsy GM's have overpaid grossly for good and star players driving up the cost of doing business and putting a serious crimp on their team's future.  If knowledgeable baseball fans know a bad contract when they see one, what are these GM's thinking?  Maybe an Intelligence Department that joins strong player scouting and development with sound sabermetric principles can help bring some common sense to resource allocation.              Mega-contracts (7+ yrs-140+ million) are risky however, teams like the Yankees and Dodgers can deal with the risk better than others.  Deep pockets will bail out bad decisions but there is a limit.  Why can't big money teams try to be efficient and put in place systems like the John Hart Indians in the 90's, locking up players before they hit free agency?  Good money management applies to rich and poor.  When an organization is working smoothly scouting and player development are providing a constant flow of talent to the majors and the braintrust is implementing systems that will keep their best players through their most productive years.  If this is done maybe very little free agent talent is needed.  When it's not, money will be a substitute for bad management.  With a good plan in place teams could keep their best players for at least ten years and maybe more.  Is it possible to avoid the extreme peaks and valleys most franchises go through? From where I sit it seems possible.

Couple questions here.  Are there more revenue streams on the horizon?  Are the current ones near maxed out?