Why are the NYY concerned about reducing payroll by 2014 ?

Doug · Jun 3, 2012

Couldn't they have a 500 million dollar payroll and still make money with that YES network ?

They want to trim to 189M, but re-signed A-Rod when he opted out.

They've got a lot of bucks tied up in A-Rod, Tex, Jeter, CC, etc.... and still paying guys like Burnett.

189M only in 2014 , and they will be a sub .500 team, IMO !
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Hal Steinbrenner wants the Yankees’ payroll down to $189 million by 2014

Aaron Gleeman
Mar 1, 2012, 1:16 PM EDT

50 Comments

Hal Steinbrenner said today that the Yankees plan to decrease their payroll to below the $189 million luxury tax figure by 2014, which is when the new collective bargaining agreement threshold kicks in.
Steinbrenner called it “streamlining” the payroll, which is currently at around $210 million.
Wallace Matthews of ESPN New York notes that Alex Rodriguez, Derek Jeter, CC Sabathia, and Mark Teixeira are already under contract for $75 million in 2014, which would leave about $110 million for Robinson Cano, Curtis Granderson, and 19 other players.
Obviously a $189 million payroll is still massive, even looking ahead to 2014, but the Yankees’ payroll hasn’t been below $200 million since 2007, when it was $190 million. Since then their annual payrolls have been $209 million, $201 million, $206 million, $203 million, and now $210 million.
Toss in the usual inflation of player salaries and $189 million in 2014 would represent a pretty significant change.

sean1 · Jun 3, 2012

Because no one under 45 cares at all about baseball. The writing is on the wall.... I lived in NYC for four years and worked with many Wall St types. I don't recall a single time when anyone wanted to go to a baseball game.

Salaries are gonna come down a lot over the next 20 years.

PatsFan1283 · Jun 3, 2012

sean1 said:
Because no one under 45 cares at all about baseball. The writing is on the wall.... I lived in NYC for four years and worked with many Wall St types. I don't recall a single time when anyone wanted to go to a baseball game.

Salaries are gonna come down a lot over the next 20 years.

Spot-on. Say what you want about NBA but young people eat it up compared to boring old baseball. I don't like baseball much but been to a game at Fenway recently? Anyone under 40 is on their smart-phone religiously pre-7th inning or so.

Doug · Jun 3, 2012

Well if they don't field a contending team in that market, attendance will surely suffer. It wasn't that long ago that the first million dollar a year contract was signed ( Nolan Ryan ?).

Now many make 20M +.

Famous First Salary Levels

In Chronological Order

[SIZE=-1]Date[/SIZE] [SIZE=-1]Salary[/SIZE] [SIZE=-1]Player[/SIZE] [SIZE=-1]Team[/SIZE] [SIZE=-1]Lg[/SIZE] [SIZE=-1]03-05-1922[/SIZE]

[SIZE=-1]$50,000[/SIZE]

[SIZE=-1]Babe Ruth[/SIZE]

[SIZE=-1]New York[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]01-18-1947[/SIZE]

[SIZE=-1]$100,000[/SIZE]

[SIZE=-1]Hank Greenberg[/SIZE]

[SIZE=-1]Pittsburgh[/SIZE]

[SIZE=-1]NL[/SIZE] [SIZE=-1]11-19-1979[/SIZE]

[SIZE=-1]$1,000,000[/SIZE]

[SIZE=-1]Nolan Ryan[/SIZE]

[SIZE=-1]Houston[/SIZE]

[SIZE=-1]NL[/SIZE] [SIZE=-1]02-07-1982[/SIZE]

[SIZE=-1]$2,040,000[/SIZE]

[SIZE=-1]George Foster[/SIZE]

[SIZE=-1]New York[/SIZE]

[SIZE=-1]NL[/SIZE] [SIZE=-1]11-22-1989[/SIZE]

[SIZE=-1]$3,000,000[/SIZE]

[SIZE=-1]Kirby Puckett[/SIZE]

[SIZE=-1]Minnesota[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]06-27-1990[/SIZE]

[SIZE=-1]$4,700,000[/SIZE]

[SIZE=-1]Jose Canseco[/SIZE]

[SIZE=-1]Oakland[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]02-08-1991[/SIZE]

[SIZE=-1]$5,380,250[/SIZE]

[SIZE=-1]Roger Clemens[/SIZE]

[SIZE=-1]Boston[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]03-02-1992[/SIZE]

[SIZE=-1]$7,100,000[/SIZE]

[SIZE=-1]Ryne Sandberg[/SIZE]

[SIZE=-1]Chicago[/SIZE]

[SIZE=-1]NL[/SIZE] [SIZE=-1]01-31-1996[/SIZE]

[SIZE=-1]$8,500,000[/SIZE]

[SIZE=-1]Ken Griffey, Jr.[/SIZE]

[SIZE=-1]Seattle[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]11-19-1996[/SIZE]

[SIZE=-1]$11,000,000[/SIZE]

[SIZE=-1]Albert Belle[/SIZE]

[SIZE=-1]Chicago[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]12-12-1997[/SIZE]

[SIZE=-1]$12,500,000[/SIZE]

[SIZE=-1]Pedro Martinez[/SIZE]

[SIZE=-1]Boston[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]10-26-1998[/SIZE]

[SIZE=-1]$13,000,000[/SIZE]

[SIZE=-1]Mike Piazza[/SIZE]

[SIZE=-1]New York[/SIZE]

[SIZE=-1]NL[/SIZE] [SIZE=-1]12-12-1998[/SIZE]

[SIZE=-1]$15,000,000[/SIZE]

[SIZE=-1]Kevin Brown[/SIZE]

[SIZE=-1]Los Angeles[/SIZE]

[SIZE=-1]NL[/SIZE] [SIZE=-1]10-20-2000[/SIZE]

[SIZE=-1]$17,000,000[/SIZE]

[SIZE=-1]Carlos Delgado[/SIZE]

[SIZE=-1]Toronto[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]12-11-2000[/SIZE]

[SIZE=-1]$20,000,000[/SIZE]

[SIZE=-1]Manny Ramirez[/SIZE]

[SIZE=-1]Boston[/SIZE]

[SIZE=-1]AL[/SIZE] [SIZE=-1]12-11-2000[/SIZE]

[SIZE=-1]$21,000,000[/SIZE]

[SIZE=-1]Alex Rodriguez[/SIZE]

[SIZE=-1]Texas[/SIZE]

[SIZE=-1]AL[/SIZE]

[SIZE=-1]$25,000,000[/SIZE]

[SIZE=-1]$27,000,000[/SIZE]

[SIZE=-1]Date[/SIZE] [SIZE=-1]Salary[/SIZE] [SIZE=-1]Player[/SIZE] [SIZE=-1]Team[/SIZE] [SIZE=-1]Lg[/SIZE] Famous First Baseball Salary Levels

Akillies · Jun 4, 2012

nyy will make the same $ regardless of player salaries, therefore reducing salaries and avoiding the luxury tax = increased profit

Akillies · Jun 4, 2012

this is the strategy used by the second most profitable team, Pittsburgh Pirates, unfortunately disregard for winning screws the fans

PatsFan1283 · Jun 14, 2012

sean1 said:
Because no one under 45 cares at all about baseball. The writing is on the wall.... I lived in NYC for four years and worked with many Wall St types. I don't recall a single time when anyone wanted to go to a baseball game.

Salaries are gonna come down a lot over the next 20 years.

How would you compare this with demand for bball and hockey?

Betallsports · Jun 14, 2012

I don't buy it. New York fans want results.
As much as people say its not a sport that has under 40 fans is wrong.
Still tons of kids ( little ones ) at these games.
They are brought there by their parents, just like their parents did before them.

Sure Hal wants to save money. Not pay such a high luxury tax. But bottom line if he ever wants to sell the team and fill those seats he needs to keep a great product on the field.

PatsFan1283 · Jun 14, 2012

Betallsports said:
I don't buy it. New York fans want results.
As much as people say its not a sport that has under 40 fans is wrong.
Still tons of kids ( little ones ) at these games.
They are brought there by their parents, just like their parents did before them.

Sure Hal wants to save money. Not pay such a high luxury tax. But bottom line if he ever wants to sell the team and fill those seats he needs to keep a great product on the field.

He wasn't really talking kids. He meant like 25-45 crowd, and while I live in a baseball hotbed so its a little skewed, I definitely think he has a point.

Baseball becoming a niche sport, the world series wasn't even trending on twitter last fall and it was 1 of the best....

PatsFan1283 · Jun 14, 2012

Not like Yanks cutting payroll down to pirates levels or anything, 190mill still gonna be top 3 payrolls in the game. Not like they are gonna be playing moneyball with those #s!

CHOPTALK · Jun 14, 2012

George is rolling in his grave

bigtendominator · Jun 14, 2012

Never understood when Arod opted out, why they paid him $275, nobody was going to pay him $200. One of the dumber deals in sports history. I thought NYY got a gift when Arod opted out. I would have said here is $190 for 10, take it or leave it.

Doug · Jun 14, 2012

A-Rod's opting out was a gift. Now they are stuck with him for a few more years. He really needs to hit 40+ HR a year and stay healthy and drive in 100+ runs.

$189 will be tough. They will have lost Mo by 2014, but need to sign Granderson to a big contract and still pay Alex, Tex,CC,Jeter,Cano, and a stud pitcher like a Hamels......not going to be too much left for the other 70% of the team !

I wouldn't sign anybody to a 10 year contract that has him playing past 40 for big bucks. Maybe if the guy was 25 years old, MAYBE !

Why are the NYY concerned about reducing payroll by 2014 ?

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