- The Yankees’ payroll
- How much money the Yankees have to spend
- How the Yankees can spend their money
The Yankees have a lot of money to spend on their baseball team. They have a payroll of over $200 million.
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The Yankees’ payroll
The Yankees’ current payroll
The New York Yankees have the highest payroll in Major League Baseball for the 2020 season, with a total of $245 million. This is down from their 2019 total of $264 million, but still puts them well above the league average of $120 million. Of that $245 million, $47 million is dedicated to players who are no longer on the active roster. So, while the Yankees’ payroll is high, they are not actually spending all of that money on players who are currently playing for them.
The Yankees’ highest-paid player is starting pitcher Gerrit Cole, who is in the first year of a nine-year, $324 million contract. Cole is followed by infielder/outfielder Giancarlo Stanton, who is in the sixth year of a 13-year, $325 million deal. Third baseman Miguel Andujar rounds out the top three, as he will make $3.5 million in 2020 after agreeing to a one-year contract extension in January.
While the Yankees may have baseball’s highest payroll for 2020, they are not the only team with significant financial resources. The Los Angeles Dodgers ($243 million), Philadelphia Phillies ($229 million), Boston Red Sox ($228 million), and Chicago Cubs ($226 million) all have payrolls that exceed $225 million.
The Yankees’ payroll commitments for future seasons
The Yankees have committed $118 million to payroll for next season, which is the fifth-highest total in baseball. The only teams ahead of them are the Dodgers ($270 million), Cubs ($246 million), Nationals ($208 million) and Giants ($181 million).
The Yankees have 10 players under contract for next season who will make a combined $118 million: Masahiro Tanaka ($22 million), CC Sabathia ($25 million), Aroldis Chapman ($17.2 million), Jacoby Ellsbury ($21.1 million), Brett Gardner ($11.5 million), Didi Gregorius ($10.25 million), Starlin Castro ($10 million), Aaron Hicks ($6.3 million), Chase Headley ($13 million) and Matt Holliday ($13 million).
How much money the Yankees have to spend
The Yankees have a lot of money to spend on their team. They have a lot of expensive players that they need to pay. They also have a lot of revenue that they bring in.
How much money the Yankees have available to spend on players
The New York Yankees have been one of the most successful teams in baseball over the last two decades.
They have won six World Series titles since 2000, and their core group of players has been a big reason why.
However, those players are now starting to get older, and the team will soon have to start replacing them with younger talent.
That process has already begun, but it will require some significant investments in order to maintain the Yankees’ success.
According to Spotrac, the Yankees currently have just over $200 million committed to salaries for the 2019 season.
That leaves them with plenty of room to add more talent, and they are expected to be major players in free agency this offseason.
It is unclear exactly how much money they will have to spend on players, but it is safe to say that they will be one of the biggest spenders in baseball once again.
How much money the Yankees can save by shedding salaries
The New York Yankees are widely considered to be the most successful Major League Baseball franchise in history. The team has won 27 World Series titles and 40 American League pennants. The Yankees also have the highest payroll in baseball, which gives them a significant advantage over other teams.
However, the Yankees’ success has not come without a cost. The team’s payroll often exceeds $200 million, which puts them at risk of incurring serious penalties under MLB’s luxury tax rules. As a result, the Yankees have been forced to shed some of their high-priced players in recent years in order to stay under the luxury tax threshold.
The following is a list of players who have been traded or released by the Yankees since 2014 in an effort to save money:
-Derek Jeter (traded to Miami Marlins)
-Mark Teixeira (released)
-Alex Rodriguez (released)
-CC Sabathia (traded to Milwaukee Brewers)
-Jacoby Ellsbury (traded to Arizona Diamondbacks)
How the Yankees can spend their money
The Yankees have a lot of money to spend this offseason. They are coming off a season in which they made it to the ALCS and fell just short of the World Series. They have a lot of needs, but they also have a lot of money to fill those needs. How can they spend their money wisely?
The Yankees’ needs
After a disappointing end to the 2017 season, the New York Yankees have some work to do if they want to compete for a World Series title in 2018. The good news is that they have a lot of money to spend.
The Yankees have several needs that they will need to address this offseason, including starting pitching, bullpen help, and outfield depth. They also need to find a replacement for veteran shortstop Derek Jeter, who retired after the 2014 season.
The Yankees have been linked to several free agent starting pitchers, including Gerrit Cole and Yu Darvish. They are also reportedly interested in Japanese star Shohei Otani, who is both a pitcher and hitter.
In terms of the bullpen, the Yankees are reportedly interested in free agent relievers Wade Davis and Brandon Kintzler. They are also said to be eyeing Tampa Bay Rays closer Alex Colome.
As for the outfield, the Yankees have been linked to Pittsburgh Pirates star Andrew McCutchen and Baltimore Orioles slugger Chris Davis. They are also said to be interested in re-signing veteran outfielder Brett Gardner.
The Yankees will have plenty of money to spend this offseason, so they should be able to address all of their needs. With a few key additions, they could easily be back in contention for a World Series title in 2018.
The Yankees’ options
The Yankees have a number of options for how to spend their money this offseason. They could choose to sign one or more of the top free agents on the market, including Bryce Harper and Manny Machado. Alternatively, they could trade for some young, cost-controlled players that would bolster their lineup or rotation. Whatever they decide to do, there are sure to be plenty of rumors and speculation in the coming months.
In order to get under the luxury tax threshold of $197 million, the Yankees will need to shed some salary. They have a few options to do so via trade or release, but will likely need to do both in order to create enough space to make a significant free agent signing or two. Right now, it looks like they’ll have around $20-25 million to work with this offseason, which isn’t a whole lot in today’s market. However, if they can make a few shrewd moves, they could put themselves in good position for next season and beyond.