So the Yankees have signed Mark Teixeira. Along with CC Sabathia and A.J. Burnett, they’ve committed a load of money to three of the top free agents available this year, making everyone cry “checkbook” at Cashman and Company.
Thing is, the Yankees payroll has gone down at this point. I’m not the math guy or business guy around here, but using the available contract figures and terms, the Yankees are just south of $200 million before arbitration. With players like Melky Cabrera and Xavier Nady eligible, that figure (around $186m) will go up, but not significantly.
Yes, the Yankees spent a lot of money, but they didn’t suddenly spend money they didn’t have. They used money coming off the books and backloaded to work with money that’s coming off the books next year as well. I’m not defending them against charges that they’re “buying championships” but I would like to see some acknowledgement that the Yankees aren’t in some new era of spending. They’re just still spending, like they always have.
Add in some interesting ways of looking at the Marginal Revenue per Win calculations might make this make even more financial sense as the economy continues to turn down. With all the comparisons of 1931 and 2008, it’d be interesting to know what the payroll was on this 107-win monster.