Comments on: Yankees Spent $423 Million In December

By: Joe Lauria

Joe Lauria — Mon, 12 Jan 2009 07:15:24 +0000

I did read the entire article and you mention “spending” more than once in the body of the piece. If they spent all this money how could the payroll go down this year? It will go down because they have only made a “commitment” to spend and haven’t spent it yet.
To say the Yankees spent so much this winter only adds to the myth that the Yankees have more money than any team. There are other teams that are richer.

By: Ribbie3b

Ribbie3b — Sat, 27 Dec 2008 15:01:43 +0000

“Right now the payroll will actually go down from 2008″ if you would read the entire article instead of just the title maybe you would understand.

By: Joe Lauria

Joe Lauria — Sat, 27 Dec 2008 06:30:21 +0000

The Yankees have not spent a dime in December. All the reporting on this is wrong. They have made a commitment to spend 423 million of the length of three contracts, for as long as eight years. The first payment they will make is a 9 million dollar signing bonus to Sabathia. All this reporting about how much the Yankes have “spent” this off season is just plain wrong and misleading. Right now the payroll will actually go down from 2008. In addition, it is always misreported that the Yankees have more resources than any other team. Wrong. Some teams, like the Cubs and previously the Dodgers and Braves, are owned by big corporations with much more money than the Steinbrenners. They just choose to invest less in their teams than the Stenibrenners do.