Jul 2, 2010, 3:15 PM EDT
This is not a surprise because we all know the Yankees are a friggin’ cash cow, but just saying that is one thing. Seeing the real numbers is a different deal altogether. Get this report from CNBC’s Darren Rovell:
A revised bond rating issued by Standard & Poor’s today provides an
in-depth look at the New York Yankees’ 2009 revenues and it reveals that
the champions grossed $397 million in ticket revenue, including $72
million on the postseason alone.
In other words, the Yankees’ postseason ticket revenue alone brought in enough money to cover the payroll for 12 Major League teams this year.
Rovell goes on to report that the Yankees are suspected to take in about $600 million. Even with a $200 million payroll, a luxury tax of $25 million and however much they pay in revenue sharing, they’re still able — if they choose to anyway — buy and sell more or less anyone they want.
That they have actually instituted something which approaches a budget in the past couple of years is fairly sobering. I mean, according to Rovell, the Yankees entire season-long ticket revenue was $52 million in 1997 and $157 million in 2005. Now that they’ve more than doubled that latter figure without raising the payroll that much, where is all that extra money going?
I have this image of a Bond villain or Cobra Commander-style island fortress being constructed somewhere. I have this image of the Yankees achieving nuclear capability before Iran does. I’d quote that “Minnie the Moocher” lyric about a diamond car and a platinum wheel again if I hand’t just done it yesterday.
- Clayton Kershaw cleared to begin rehab assignment on Friday at High-A Rancho Cucamonga 1
- Michael Pineda ejected in second inning for pine tar on neck, facing a 10-game suspension 82
- Mark Trumbo diagnosed with stress fracture in foot 7
- Josh Johnson needs a second Tommy John surgery 21
- Sammy Sosa wasn’t invited to Wrigley Field’s 100th birthday 45
- Josh Lueke is a rapist. How often does that bear repeating? (200)
- Benches clear in Pittsburgh after the Brewers’ Carlos Gomez bat flips a third-inning triple (183)
- “They Don’t Know Henry” (169)
- Michael Pineda ejected in second inning for pine tar on neck, facing a 10-game suspension (115)
- Chipper Jones chimed in on the Carlos Gomez incident (111)