Showing posts with label Payroll. Show all posts
Showing posts with label Payroll. Show all posts

Wednesday, January 22, 2014

Yankees: If at first you don't succeed, buy, buy again!

Source
The Yankees don't handle mediocrity well. During the 2008-2009 offseason, after they missed the playoffs for the first time since 1995, the Yankees went on a spending spree, handing out nearly half a billion dollars to three players on long term contracts:

CC Sabathia: 27 years old, seven years, $161 million
A.J. Burnett: 32 years old, five years, $82.5 million
Mark Teixeira: 29 years old, eight years, $180 million
Total: $423.5 million

Of those three players, only Sabathia has been worth the money and commitment. Burnett only played in New York for three seasons, and the injury-plagued Teixeira has only played 138 games over the last two seasons, with three years remaining on his contract.

Obviously, the "spend-now, worry later" philosophy paid off immediately, as the Yankees won the World Series in 2009 - but now they're dealing with an aging roster (last year the team's average age was 31.8 years old) that missed the playoffs once again, so they're back to their high buying ways this offseason:

Brian McCann: 29 years old, five years, $85 million
Carlos Beltran: 36 years old, three years, $45 million
Jacoby Ellsbury: 30 years old, seven years, $153 million
Masahiro Tanaka: 25 years old, seven years, $155 million (plus $20 million to Tanaka's former team)
Total: $458 million

Remember when the Yankees were going to spend sparingly and get themselves under the luxury tax threshold? Even with the mulligan they're getting on Alex Rodriguez's monster contract, that is absolutely not going to happen.

But it doesn't matter. The Yankees play in the middle of the biggest media market in the country, and the money they get from cable and radio rights ensures that they'll be able to spend boatloads of money on any players they want for the foreseeable future.

The Yankees could pay A-Rod this year and not break a sweat. It's one of the most ridiculous parts of MLB's no salary cap policy: teams in cities like New York, LA, Chicago, and Boston will always have more money to spend than those in Kansas City, Phoenix, or Milwaukee. 

It allows big market teams to take risks on long term deals if they want to, without fearing for financial ruin. They can outbid everyone else on short term deals and draft picks, since they can afford to prioritize roster flexibility over payroll. It's a testament to the sport that the league has had even a modicum of parity over the last decade.

As a Red Sox fan, I (mostly) benefit from this, so I don't have too many complaints - but as a baseball fan, the absurdity of the status quo is frustrating.

Wednesday, September 30, 2009

The Audacity of Yankees Fans: Part 2

Some of you might remember from this post that I have a class with a rather abrasive Yankees fan (he's from Jersey, so I expected nothing less). Today, I came into class, minding my own business, and sat down.


(him): So, what's your magic number now? Three? Two?



(me): We clinched last night, actually.



: Wow. It's about time.



: Do you remember the last time the Yankees won the division, and the Sox took the Wild Card?


: Yeah, but what was that... way back in 2003?



: 2004, actually... You know, the greatest choke-job in the history of professional sports.



: *dirty look*



I definitely won that argument (which, I would like to point out, I did not initiate). What I would have liked to say to him, and to all Yankees fans, is just a bit more involved.

If the Yankees win the World Series, who cares? They should win, and anything less is a FAILURE. They dropped nearly half a billion dollars on three players over the offseason, and play in a billion dollar launching pad of a ballpark. Last season, the spoiled baby-Steinbrenners missed out on the postseason for the first time since 1993 (not including 1994, when everyone missed the playoffs). They panicked and authorized Brian Cashman to go out and buy anything he needed to field a winning team.

That's exactly what happened. It started with CC Sabathia, who obviously did not want to come to New York. CC had specified early on that he wanted to play for a National League team on the West Coast. Of course, the Yankees are neither of those things, so they made up for their shortcoming in their usual way: with money. The Yankees opening bid for Sabathia was worlds away from the next highest (rumored) offer. CC wasn't convinced, and he left New York's contract offer on the table for more than a week. Cashman saw that other teams weren't willing to come close to the first offer, so he bid against himself, adding more years and dollars so that Sabathia realistically had no choice. AJ Burnett came next, and he was easier to convince, though Cashman made sure there was no doubt by offering more than most GMs thought he was worth. Everyone knows about Mark "My Wife Has My Balls in a Vice-Grip" Teixeira, but his contract came down to money, too.

Don't get me wrong. I know that the Red Sox are hardly a struggling small market team. The point I am trying to make is that no one can compete with the bottomless budget that Brian Cashman is equipped with. The Yankees 2009 payroll is $214 million. That's $75 million more than the next highest (Chicago Cubs, $139 million). The Red Sox, for contrast, are obligated to pay their players $133 million this year. Our highest paid player, JD Drew, is getting $14 million. Alex Rodriguez alone is owed more than the entire roster of the Pittsburgh Pirates.

I'm not advocating for a salary cap (at least, not now - that's another post), but I do want to make the point that the Yankees should win. If they do: so what? If they don't, it's a flop of massive proportions. This is the reason fans like the one in my class get under the collective skin of baseball fans everywhere: they feel entitled, and they're not shy about expressing it. It's grating, to say the least. But you really can chalk New York's success this year (and over the last few) up to economics: if you buy up the best talent, you should win. Seems like a bittersweet victory to me.
"Yo Angelica, I'm really happy for you, and I'mma let you finish... But Yankees fans are the best spoiled brats of all time! OF ALL TIME!"