Jan

23

Yankees Break Payroll Record

Posted by M. Patel under CraZy Facts, News 

moneyballYes, we’ve done it again. We broke the previous MLB payroll record (guess who that was held by?) this past season by spending a total of $218.3 million on player salaries! We weren’t expected to spend that much at the beginning of the season, but we can thank Roger Clemens for pushing us across the record-breaking mark with his $17.4 million. We are again projected to spend less this season than last and I think it is more likely to last this time around. I just don’t see another Clemens type signing coming our way; I think Cashman has learned better. We are currently under the 200 million mark, but after arbitration the payroll will probably end up somewhere between $205-210 million. The Yanks don’t really need to worry about it though because compared to how much we spend, we still make a lot more (about $415 million last year, 100 of which went to the league’s revenue sharing plan.) Our financial situation is expected to get even better in 2009 as the new stadium is expected to bring in more money as well.

It isn’t really anything to worry about, but it is really amazing when we compare our spending numbers to the rest of the league. At number two are the Red Sox who’s payroll was $155.4 million last year and third are the Dodgers with $125.6 million spent in the previous season. At the bottom end of the spectrum are the Devil Rays and Marlins, both in the low 30’s. You can expect the Marlins to go even lower this year due to their greedy owner who traded away Miguel Cabrera and Dontrelle Willis. Bottomline is, the Yankees break another spending record, but it really doesn’t matter because we make more than that anyway and thinks only look brighter towards the future as New Yankee Stadium is opened and as stupid contracts like the 20 mil to Giambi expire.

Comments

2 Responses to “Yankees Break Payroll Record”

  1. Minor League Baseball Fan on January 23rd, 2008 9:52 pm

    If only my Cubs would spent this type of money!!

  2. M. Patel on January 23rd, 2008 10:20 pm

    Well, sadly that money hasn’t won us any championships. Just goes to show you that money isn’t everything in baseball either. Just look at last year’s ALCS and NLCS teams: other than the Red Sox, every other team had a low payroll.

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