Dec 4, 2009, 4:56 PM EST
From the I’ll-believe-it-when-I-see-it department comes ESPN.com’s Buster Olney’s latest tweet:
Yankees finished org. meetings — they’re cutting payroll. I’m not sure yet by how much, but during season, expectation was to $185 mill.
$185 million would be the team’s tiniest Opening Day payroll since 2004. The team did drop payroll slightly last year, going from $209 million to $202 million, but it’s really hard to imagine that the team would open 2010 under $200 million.
The club is currently on the hook for almost exactly $150 million to Alex Rodriguez, CC Sabathia, Derek Jeter, Mark Teixeira, A.J. Burnett, Mariano Rivera, Jorge Posada, Robinson Cano, Nick Swisher and Damaso Marte. That doesn’t count the $4 million due to Kei Igawa, who is no longer on the 40-man roster.
Chien-Ming Wang, Melky Cabrera, Chad Gaudin, Brian Bruney and Sergio Mitre are all arbitration eligible. Perhaps Wang will be non-tendered, but the other four figure to cost about $7 million total.
So, that’s 14 players at $157 million. Other spots will go to Joba Chamberlain, Phil Hughes, David Robertson, Brett Gardner, Alfredo Aceves and Phil Coke, all of whom make the minimum. Now we’re at 20 players and $160 million.
Still, that doesn’t count Andy Pettitte, Johnny Damon, Hideki Matsui or their replacements. If Hughes and/or Chamberlain are going to be rotation candidates, then a new setup man will be needed. The team will also want a couple of veteran reserves to fill the roles occupied by Eric Hinske and Jerry Hairston Jr. at season’s end. A backup catcher is another possibility, though Francisco Cervelli is a candidate for the job.
Could the Yankees really take care of those needs for $25 million? Pettitte, Damon and Matsui would cost at least $30 million to re-sign, and it’s hard to imagine the Bombers going a whole lot cheaper in any of those spots.
My guess is that the Yankees will be right around $200 million one more time. And they’d probably be doing the rest of the league a favor if they stayed there. While they might not have squeezed as much revenue out of their new ballpark as hoped last season, they still did remarkably well and they made a bunch of money as a result of their World Series victory. There’s every reason to believe the Yankees could squeeze both Matt Holliday and John Lackey into their budget if they really wanted to.
- Report: Red Sox finalizing a deal with Hanley Ramirez 16
- MLB players react to Odell Beckham, Jr. catch on Sunday Night Football 18
- Report: Red Sox make $95 million offer to Pablo Sandoval 77
- White Sox sign Adam LaRoche to two-year, $25 million deal 35
- Report: Red Sox offer Jon Lester six years, $110-120 million 72
- Report: “There is a 90 percent chance that Pablo Sandoval will sign with the Red Sox” 130
- A’s sign Billy Butler to three-year, $30 million contract 84
- Cardinals reportedly joining pursuit of Jon Lester 65
- Braves and Cardinals swap Jason Heyward and Shelby Miller in blockbuster deal (157)
- Giancarlo Stanton’s contract is backloaded. REALLY backloaded. (148)
- Blue Jays sign Russell Martin to five-year, $82 million deal (135)
- Report: “There is a 90 percent chance that Pablo Sandoval will sign with the Red Sox” (130)
- Sexual assualt charges reinstated against Tigers pitcher Evan Reed (129)