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Cheapskates? Or Victims?
At the start of the 2012 off-season the New York Yankees brass turned reformed savvy shoppers?
The Yankee and cheapskates… it just sounded wrong. And guess what, it just might be.
In actuality, MLB’s new collective bargaining agreement could be a bigger influence behind this thrifty transformation in the Bronx.
See, the Yankees have to pay a 40% tax rate on any money that exceeds MLB’s payroll maximum, which now sits at $178 million. So for 2011, the Yankees will be writing a check for $13.9 million, a franchise low since 2003.
Under the new CBA any team that chooses to overspend year after year will be penalized.
This means the Yankees tax rate will jump to 42.5% in 2012, and 50% in 2013; but the kicker is when overspending teams manage to drop below the set payroll it cuts their respective tax rate by 17.5%.
The league-wide payroll most will stay at $178 million through 2013, but jumps to $189 million for the following three years.
This puts a damper on GM Brian Cashman’s offseason plans, as it seems the baby Stein’s will never be reckless as papa-Boss, but with a current payroll north of $215 million can you blame them?
So is this the post-Boss-era essentially a travesty or are Hank and Hal changing the mantra of winning first?
New Year = New Yankees?
The MLB offseason is baseball’s equivalent to a New Year, as it allows changes to be made, and with any luck for teams to get better.
Inevitably, rules and finances do force teams to look in all directions of how to make these improvements happen.
Certain teams rely on spending cash, others exploit trades and some cultivate the draft.
It is no secret that the Yankees are baseball’s shopaholics, but the new rules implemented even make a big spender, like New York pull in their spending reins.
This sort-of explains why the Yankees have done zilch this offseason, but it also doesn’t.
See, GM Brian Cashman has spent the last few years turning an almost obsolete farm system into one of baseball’s best, so why not dip into the honey jar? Continue reading ‘New York Yankees Hot Stove: Happy New Year You Cheapskates?’ »





PROOF IS IN THE RESULTS:
The New York Yankees home-stand nightmare continued on Monday night in the fifth inning.










