If you stop revenue sharing tanking would come to an abrupt end. Today a team can finish 52-110 and still making millions for its owners. Yes 4-6 teams would probably fold but it would make for a better product overall.
Are you looking at the Seattle Mariners?
I suffered for many years as a Mariner fan. Hubby would go with me to the couple of games I would attend; but, he was in it for the food.
One year, they had a team filled with "names". Older guys; but, still worthwhile. They ALMOST (yes, almost) made it into post-season. But, they didn't. Anyway, all the veterans that we had put on the team were picked up by other clubs, and we were left with Triple A Baseball at Major League prices; which, is pretty much what you get every season of Mariner's baseball.
When Hubby and I married and moved to Seattle (early 80's), the Mariners had a pretty good team, that would occasionally get into the playoffs. Not very far; but, occasionally they were there. Now, they are never there.
I stopped watching the Mariners after that season with the "names" that played for one season for us. I got tired of the way the guys in the office handled the team. Rotating managers, rotating players, rotating coaches. It is neverending with this team And, nothing ever works. Sigh. And, I am a baseball fan, I like the game; but, I couldn't take it anymore. I haven't watched any baseball for a while now. I miss it, but I don't miss the aggravation of watching The Mariners.
Maybe but the NFL has revenue sharing, salary cap and salary floor and teams still tank and are terrible, I live in Jacksonville and the Jaguars are laughing stock of the NFL, the have tanked built up draft picks, pursued free agents and change coaches all the time, regardless of how the game is structured having competent talent evaluaters is paramount