Choice is not always a good thing, and in the case of our league, I'm not convinced that we have as much choice as it would seem. At the risk of impugning George's strategy, it seems pretty clear to me that finding "elite" players and signing them to 3-year contracts is a dominant strategy.
Did I have the choice to go year-to-year with Mookie Betts? Technically, per the rules, yes, but it's a false choice. I had to sign him to a 3-year contract to maximize my competitive chances, and just accept the corresponding risk of injury and performance degradation.
I know that people probably view that risk differently than I do, but consider pitchers - does anyone feel confident in their ability to project pitcher health over multiple seasons?
I don't think moving to one year only contracts would compromise the strategy of the league in the slightest. Everyone would still be targeting the same players in the vast majority of cases. Players worth keeping for multiple years would still be desirable assets to control - being able to drop them if something goes wrong makes them MORE valuable, not less.
But what it would do is alleviate the punishment that we effectively levy against teams that are already not doing well. This offseason, we have observed the lack of parity in our league, and part of that is that teams that make good decisions receive those dividends for years, while teams that make bad decisions have to pay for them for years. One year contracts wouldn't eliminate that effect - trading away an elite player for a bad player would still have that result in terms of opportunity cost. But it would mitigate the effect, and make it more practical for teams to bounce back quickly from a series of bad moves.
I don't have any expectation that this would suddenly introduce a ton of parity into the league, and I have said in the past that if there's enough of a skill disparity within the ownership, we should expect to see the results we've seen, and shouldn't design our league to avoid it. But I also don't think we need to exacerbate the problem with our contract structure, and that's what I think we're doing.