zbrent recently tc'd me with this question, and I promised to poll the world on it.
Can't say the question has ever registered high on my attention scale, but I agree it's worth asking.
Here's what I think I can accurately report about it:
1. There seems to be some kind of world-chat disagreement about it almost every year. This year's seemed to me to be civil and respectful, but it hasn't always been. Regardless of the tone, the discussion seems to be one that few people enjoy, and the purpose of the World Chat (imho) is to be a forum for comments that people DO enjoy.
2. We had 2 owners depart this year who cited either our laissez-faire treatment of cash in trades, or the resulting WC discussion of it, as their reasons for leaving. Personally, I take this with a few grains of salt; I've never seen anyone with a winning record, or a big jump in winning percentage, or a loaded farm system depart and cite cash in trades as a reason. Nonetheless, 2 departing GM's did give me that as a reason, so I feel obligated to report that in any discussion of the subject.
The big reason for having a C-I-T policy, I think, would be so we can have right up front how we handle it for anyone considering coming into the world. If someone knows that we limit C-I-T to the salary of the highest-paid player in the trade (just to use an example), they can't exactly complain about it later or use that as a reason for leaving. It would also theoretically end the WC discussions about it.
There certainly may be better reasons for having one.
The negative, I suppose, is it's one more little admin detail for the commish to keep up with, although I"m sure there are other arguments against it as well.
I'd welcome comments here or on the WC from anyone who has something to add.
Please vote in the poll. Note that the question is whether we should even have a C-I-T policy, not what it should be. If the world votes to have one, we'll move on to deciding what it should be later.