The Yankees have always been one of the most free-spending teams in baseball, and that trend has continued this offseason. Here’s a look at their current payroll situation.
Checkout this video:
The Yankees have the highest payroll in baseball
The New York Yankees have the highest payroll in baseball. They are followed by the Los Angeles Dodgers, the Boston Red Sox, the San Francisco Giants, and the Chicago Cubs. MLB teams’ payrolls are $3.3 billion this season, up 4 percent from last year’s opening day. The Yankees’ payroll is $223 million. The Dodgers are next at $215 million, followed by the Red Sox at $213 million.
How does this affect the team’s ability to compete?
The Yankees have been big spenders in recent years, but their payroll is not what it once was. In 2014, the team had a payroll of $228 million. That number dropped to $217 million in 2015, and it is currently at $195 million. The Yankees are also no longer the highest-paid team in baseball. That distinction now belongs to the Los Angeles Dodgers, who have a payroll of $253 million.
How does this affect the team’s ability to compete?
The Yankees’ lower payroll gives them more flexibility to make trades and signings during the season. They can also afford to take on more salary in a trade if they need to. The team is still very competitive, but their lower payroll does put them at a disadvantage compared to other teams.
Can they still compete with a high payroll?
The New York Yankees have always been Known for their high payroll. But after a disappointing season in 2017, many are wondering if they can still compete with the likes of the Boston Red Sox, Houston Astros and Los Angeles Dodgers, who all have significantly lower payrolls.
Owner Hal Steinbrenner has said that he is willing to open up the wallet again this offseason and add to the team’s already impressive core of young talent. However, with the team’s payroll already soaring past $200 million last season, it remains to be seen just how much more Steinbrenner is willing to spend.
The Yankees will have some big decisions to make this offseason, as they have several key players who are eligible for free agency, including superstar slugger Giancarlo Stanton. If they can retain Stanton and add a few more pieces, they will no doubt be one of the favorites to win the World Series in 2018.
How does this affect the fans?
The Yankees have always been one of the most free-spending teams in baseball, and that hasn’t changed in recent years. In fact, according to an analysis by USA Today, the Yankees’ payroll has been the highest in baseball in each of the last 17 seasons.
That kind of spending has its benefits — the Yankees have won six World Series titles since 2000 — but it also has its drawbacks. For one thing, it means that tickets to Yankee games are some of the most expensive in baseball. And for another, it means that when the team doesn’t perform up to expectations (as it didn’t last year, when it failed to make the playoffs), there is a sense of disappointment among fans that can be hard to shake.
So what does all this mean for fans? Well, it depends on how you look at it. If you’re a fan of the Yankees, then you’re probably used to their high payroll and you understand that it comes with both good and bad times. But if you’re not a fan of the Yankees, then you might see their free-spending ways as a kind of arrogance that doesn’t always lead to on-field success. In either case, though, there’s no denying that the Yankees are always one of the most interesting teams to follow, both on and off the field.
What are the Yankees doing to try and lower their payroll?
The New York Yankees are reportedly looking to unload some of their high-priced stars in an effort to lower their payroll. The team is said to be willing to trade All-Star catcher Gary Sanchez and outfielder Jacoby Ellsbury, among others. The Yankees’ front office is said to be motivated by a desire to get under the $197 million luxury tax threshold for the 2019 season. trading away some of their big-name players would help them reach that goal.
The Yankees have already made a few moves this offseason to try and lower their payroll. They traded starting pitcher Sonny Gray to the Cincinnati Reds and let starting catcher Brian McCann sign with the Atlanta Braves. The team also released veteran outfielder Matt Holliday. If the Yankees are able to unload some more of their expensive contracts, it would go a long way towards getting them under the luxury tax threshold.
Will they be successful?
It’s been a while since the New York Yankees have had baseball’s highest payroll. But that’s about to change.
The Yankees are on the verge of signing free-agent pitcher Gerrit Cole to a nine-year, $324 million contract, which would make him the highest-paid pitcher in history, according to multiple reports.
The deal would also continue a trend of the Yankees spending big in free agency this offseason. The team has already signed outfielder Giancarlo Stanton to a 13-year, $325 million extension, infielder DJ LeMahieu to a two-year, $24 million deal and reliever Zack Britton to a three-year, $39 million contract.
With those moves, the Yankees’ payroll is currently projected to be about $230 million for the 2020 season, which would rank third in baseball behind the Los Angeles Dodgers ($235 million) and Los Angeles Angels ($215 million), according to Spotrac.com.
Of course, the Cole signing would push the Yankees’ payroll past both of those teams. And it’s possible that they’re not done spending either, as they have also been linked to free-agent outfielder Bryce Harper and pitcher Stephen Strasburg this offseason.
So will all this spending lead to success on the field? Only time will tell. But with a potential lineup that includes Stanton, Harper, LeMahieu and Aaron Judge, as well as Cole anchoring the pitching staff, there’s no question that the Yankees will be one of the teams to beat in 2020.