Truth & Rumors > MLB

Yankees ready to scrap spending limits

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07:01 AM ET 04.26 | They're baaaacckk? All along, the New York Yankees have stated the effort to cut their 2014 payroll to $189 million is merely a goal. More and more, it's one major league sources don't believe they'll reach. In recent months, the Yankees have become far less bullish on their publicly stated austerity plan, admitting to other executives and agents that staying beneath the $189 million threshold is unlikely and impractical. "They're going to be over 189," one source familiar with the Yankees' plans said. "They know it. Everyone knows it. You can't run a $3 billion team with the intentions of saving a few million dollars." ... "It was a good idea to try," one Yankees official said. "But deep down, we all pretty much knew it wasn't going to happen."

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Robinson Cano, Icon Sports Robinson Cano, Icon Sports
April 26, 2013  07:41 AM ET

< cue Darth Vader's theme >

Comment #2 has been removed
April 26, 2013  07:49 AM ET
QUOTE(#2):

And upon hearing this news, aging veterans with declining skills all around the league rejoiced.

It's like Christmas Day...contracts for everyone!

Comment #4 has been removed
Comment #5 has been removed
April 26, 2013  09:03 AM ET
QUOTE(#4):

I think they should start by bringing Alfonso Soriano back. 4 years at 20mil per should do the trick.

<shudders>

April 26, 2013  09:03 AM ET

That's my team. Back to buying championships!!! Its simple I buy all your merchandise, you buy me a championship team!!!! Cooler heads prevailed. Now go sign Cano till he is 54.

April 26, 2013  09:03 AM ET
QUOTE(#5):

Why not spend it if you have it?Just don't spend it on guys that will be PAST their primes for the bulk of the contract. Very simple concept

Who says A-Rod is past his prime?

April 26, 2013  09:23 AM ET

Okay. let's see I own the NY Yankees and if I have my payroll go under $189 mil I pay a lot less in the so-called Luxury tax. Hmmmmmm.....
My savings could be as much as $30 mil a year.... not too shabby....
Now that $30 could pay Robinson for a little over a year...
However, if I get under the $189 line my team will likely suck for a few years and those bandwagoners who buy tickets will stop coming to games. That will bite into what is about $320,000,000 in gate receipts not to mention all the merchadise they buy while at games.
And if the Yankees don't win then less people will buy the Yankee brand worldwide... hmmmm.....
Less people will watch YES and the prices we can charge for a minutes worth of ad time will go down....
My team is essentially worth $300 billion and I'm pinching pennies?
**** it, whats a few $30 or $40 million dollars ....
Hits speed dial button.... "Brian? About that $189 mill budget line? Fergeddaboudit!"

Comment #10 has been removed
April 26, 2013  09:31 AM ET
QUOTE(#5):

Why not spend it if you have it?Just don't spend it on guys that will be PAST their primes for the bulk of the contract. Very simple concept

But not that simple to achieve.
Most high production FAs are in their late 20s/early 30s and want long-term deals, yet player production typically declines from those ages.
I expect to see teams begin to pay those guys huge money for 2/3 year deals, as much as they have been paying for 5/6 year contracts, just so they can avoid A-Rod or Texiera situations in the future--get a few good, but expensive, years and then move on to the next crop of FAs.

April 26, 2013  09:47 AM ET
QUOTE(#2):

And upon hearing this news, aging veterans with declining skills all around the league rejoiced.

Practically everybody then!

April 26, 2013  09:50 AM ET
QUOTE(#4):

I think they should start by bringing Alfonso Soriano back. 4 years at 20mil per should do the trick.

Rex it would be a special kind of funny if he ended up on your team :-)

Comment #14 has been removed
Comment #15 has been removed
April 26, 2013  10:13 AM ET
QUOTE(#5):

Why not spend it if you have it?Just don't spend it on guys that will be PAST their primes for the bulk of the contract. Very simple concept

It's a concept that they seem to have had a hard time following in recent years.

April 26, 2013  10:53 AM ET
QUOTE(#11):

I expect to see teams begin to pay those guys huge money for 2/3 year deals, as much as they have been paying for 5/6 year contracts, just so they can avoid A-Rod or Texiera situations in the future

That's a strange expectation.

Say a player gets a $150m contract. Why would the team rather pay that amount over two to three years as opposed to five to six? Makes no sense.

April 26, 2013  10:57 AM ET
QUOTE(#17):

That's a strange expectation.Say a player gets a $150m contract. Why would the team rather pay that amount over two to three years as opposed to five to six? Makes no sense.

Agreed, strange concept.

SportsFun,
so you pay them for 2-3 years and then re-sign them or go and sign someone else to play that position?

Comment #19 has been removed
 
April 26, 2013  11:13 AM ET
QUOTE(#19):

Bite your tongue!I think the Sox are all set in the outfield. Barring injuries, they probably would only try to upgrade the pitching staff.

Yeah they are....no need to worry. Just thought I'd joke with ya' a little.

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