Why did the 2002 Oakland Athletics have such a limited budget that year

In 2002, the Oakland Athletics had a limited budget due to a combination of factors:

General economic downturn: The dot-com bubble burst in 2001, leading to a recession that affected businesses across the board, including sports teams.
Poor attendance: The Athletics had struggled with low attendance in recent years, which led to decreased ticket revenue.
Ownership change: The team was sold to a group of investors led by Lew Wolff in 2000. Wolff emphasized financial discipline, which resulted in a reduction in payroll.
Small market: Oakland is a relatively small market compared to larger cities like New York or Los Angeles, limiting the revenue potential from television and other sources.
Aging roster: The Athletics had an aging roster, with many players entering the later stages of their careers. This made it difficult to attract free agents and forced the team to rely on younger, cheaper players.

Was the Athletics' limited budget justified? The team still finished 74-88 in 2002, so one could argue that the budget was too low.
How did the limited budget affect the team's performance on the field? The Athletics struggled in 2002, finishing with a losing record.
What steps did the Athletics take to overcome their limited budget? The team relied heavily on young players and made some shrewd trades to acquire talented players.
How did the Athletics' limited budget affect their ability to compete in the long term? The Athletics have struggled to compete consistently in the years since 2002, though they have had some success in recent years.
What lessons can other teams learn from Oakland's experience with a limited budget? Teams with limited budgets need to be creative and resourceful in order to compete.

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Why Did the Athletics Have a Limited Budget in 2002?