Comments on: Yankees Hot Stove: My Hal Steinbrenner conspiracy theory Baseball from a lady's perspective. Thu, 23 Oct 2014 07:11:40 +0000 hourly 1 By: RockNRollDude Fri, 29 Mar 2013 21:33:20 +0000 It used to be the teams owned the players . . . now the players are dictating the terms. The team "family" is no longer and now constant separations, divorces and sell-outs.
Sports now means winning at all costs.
I'm a Rockaholic and a RockNRollDude. My band is everything. Can I be bought out? Make me an offer.
Peace + Love!
Rock N Roll Dude

By: LLP Tue, 27 Nov 2012 05:34:32 +0000 QUOTE FROM RIVER AVE. BLUES…."The Yankees will receive $420M from News Corp. to keep the team on YES through 2042. They’re getting half of that now and the other half in three years. Just think, they’re trimming payroll in less than 16 months."

"As others have noted, the $420M is a “gift” above and beyond all other fees. The Yankees just scored about $700M between the $420M fee and the reported $270M from selling a portion of their YES ownership to Newscorp. All done before the end of the year in anticipation of perhaps increased taxes in 2013. So $700M. "

By: LLP Tue, 27 Nov 2012 05:23:03 +0000 Melky is now a Blue Jay….and as part of the deal YES extends its rights to broadcast Yankees games through 2042. They will pay $85 million a year for the right to Yankees broadcasts starting next year and that figure increases five percent each year until 2042 when the YES Network will pay out $350 million. That is on top of all the other money from tickets, merchandise, advertisements and selling regular season games to ESPN and FOX.

News Corp will negotiate on its behalf with the operators as part of a larger package of sports channels so subscribers will be charged more to get the YES channel which is more $$ in the Yankees pockets.

Hal is trying to reduce the debt on the team, as most pro-teams have debt including the Yankees, by using the money that the team would normally use to pay it off. But all the profits from YES and every thing else is sparate under and entity called Yankees Global Enterprise.

Hal seems to be cleaning up the books and companies tend to do this before they put themselves up for sale. Steinbrenner family can sell the Yankees and still own shares in YES but part of the deal is that in 3-years their 34% drops to 25% with another 9% going to NewsCorp. The Yankee team doesn't generate a dime compared to the profits YGE brings in so selling the team takes the baseball part out of it while they can still reap the benefits from YGE. YGE's profits do not have to be reported to MLB so the numbers are not even known but we are talking in the billions.

So, this whole 2014 plan is very selfish as the Yankees are a team that needs to retool to win, as they do not have what it takes to rebuild from the bottom. That is the way it is and always has been so why change that if you ate not selling the team anytime soon?

Are they slashing ticket prices in half??? Because NYers are are not going to pay to see a non-contending team on the field especially when the owners had the resources to make the team a contender.

The Boss is rolling in his grave…that I can promise you.

By: Carlos Sun, 18 Nov 2012 17:30:13 +0000 Ridiculous. Look at how the Giants have won. I for one would not mind the Yankees showing fiancial restraint. Let Cashman get creative.

How about trading Granderson for strong prospects and taking them with Nova, a couple draft picks and other minor leaguers for Mike Stanton? Or something other than adding older short term players…. I think Cano is the only hold over from all those free form2014

By: richard Sat, 17 Nov 2012 20:24:32 +0000 At least he's a consistent righty.

By: Joe D Sat, 17 Nov 2012 16:30:14 +0000 It’s bad enough having to see the FOX Business promos but to have Rupert Murdoch get his hands on the Yankees is too f***ing much for me. What’s next? Hannity in the booth? I’m sickened at the prospect.