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I agree with what Charlie says but I still don't like the idea of a HUGE baseball market in Sioux Falls, sorry. So, what I do is to either reset market sizes to what they should be based roughly on metro area populations or, going 180 in the other direction, I set them all to average and remove the options that allow them to affect league financials. I still haven't decided which way is best for me.
Regarding your question, market size affects attendance, media, and merchandise revenue (if you allow the latter two). Raising and lowering market size has no immediate effect on the size of your payroll budget, either initially or later on. Having more revenue to spend may convince an owner to give you a bigger budget or, if you are in charge of everything, allow you to spend more money on free agents without going into the red.
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- Bru
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