Since you aren't getting replies, I would simply suggest that you test out the ideas that you have considered. I don't have a clue about the financials but you could setup two tests, each of them using the payroll and attendance percentages you have listed, with one test being where each league is a major league, and the other test where there is Majors, AAA, AA, and A. Let them both run several years, with you making only minimal changes (ones necessary to test out your idea, like relegation), then evaluate the results...
Then, the next time somebody asks about this, instead of no replies, you will be the expert :-) Good luck!
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