Competitive balance refers to the degree of equality among teams in a sports league, ensuring that no single team consistently dominates the competition. This balance is important for maintaining fan interest, as it allows for unpredictable outcomes and close games. When teams have similar skill levels, it enhances the overall excitement of the sport. Leagues often implement measures to promote competitive balance, such as salary caps, revenue sharing, and draft systems. These strategies aim to level the playing field, giving all teams, including those like the New York Yankees or the Cleveland Guardians, a fair chance to succeed and compete for championships.