Allowing users to manage taxonomy terms like nodes

I'm trying to allow users to create and edit taxonomy terms like they would regular nodes.

For example; you have a site that lists football teams and their players. Users can create a new team(s) and then add players to their team(s). However, they can only edit their team(s) and add players to their team(s).

I have the teams set up as a taxonomy with a few additional fields (location, etc.) and the players are just a regular nodes.

The problem is that Drupal doesn't seem to record the user who creates a term? Therefore, I can't restrict permissions like I would with regular nodes. (E.g. "create new content" and "edit own content")

Any suggestions?

(I'm new to Drupal so sorry if this doesn't make sense)