The sugars are made in the mash whether you sparge or not. When you pull the bag of spent grain out, some of that sugary wort "clings" to the ball of grain and gets lost. Sparging simply gets SOME of that back for you. In my opinion the extra extraction is not worth the extra water handling, volume calculations, etc because as some of the posts above speculate, it's the difference of about $2-3 in extra grain cost.That makes sense. Removing sparging step still allows for enough sugars to be converted from the grain for a nice beer? I seen some say squeeze out bag and others say don’t. I think it has to do with tannins or something. What is your opinion?
Tannin extraction is related to mash pH but save that can of worms for another day. A gentle squeeze of the bag is all you need. If you find you're not getting the volume of wort out that you need, start with more water next time.