Yep. And soon you'll see big market teams buying out insane contracts and cutting players just to make room for the next big free agent. Salaries will rise insanely and teams like the Reds won't be able to afford ****.
I hope a new commissioner comes along soon and can institute a salary cap and salary floor...although that's entirely unlikely. The NFL is already taking over American sports, and the way MLB is headed its only going to get worse.