The Yankees Still Have Money to Burn
|12.23.08 at 2:22 pm ET|
It has been a busy and expensive offseason for the New York Yankees. As they prepare to enter into a new ballpark–a move that will not only generate tens of millions of dollars in additional revenue, but that will also relieve the team of some of its revenue-sharing obligations–they clearly have money to spend, particularly since a number of players’ expensive contracts (Carl Pavano, Mike Mussina, Jason Giambi, Bobby Abreu, to name a few) are no longer on the payroll.
The Yankees have suggested that their 2009 payroll would not exceed the approximately $222 million (based on average annual value–an amount that led to a $26.9 million luxury tax penalty) that they spent on their 40-man roster this past season. In fact, even after dropping almost $425 million on contracts to free-agent first baseman Mark Teixeira and pitchers CC Sabathia and A.J. Burnett, New York does not appear likely to surpass that standard.
As of now, based on reports that Teixeira will earn an annual average of $22.5 million per season over his eight-year, $180 million deal, the Yankees appear to have salary commitments of just over $190 million to 18 players (with the caveat that Kei Igawa and Andrew Brackman are not likely to be on the major-league roster) for 2009:
|M Teixeira||22||22.5||Estimated 2009|
|C M Wang||5||5|
|X Nady||5.5||5.5||Arbitration estimate|
|A Brackman||0.1||1.14||2009 estimate|
|B Bruney||1.2||1.2||Arbitration estimate|
|K Igawa||4||0||Not on 40-man roster|
(Note: all numbers are in millions)
All of that suggests that even with their three huge signings this offseason, the Yankees may *still* have available payroll with which to round out their roster than most clubs in baseball.
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