May 24, 2012, 1:57 PM EST
UPDATE: Apparently the “Yankees could be sold” thing is a rumor so baseless that even MLB has issued a statement on the thing:
“Major League Baseball has received no indications from any representatives of the New York Yankees or anyone else that the Club is for sale.”
So, in addition to the owners calling the news story “fiction,” there being no practical way for the team to be sold due to tax consequences and one of the writers of the article itself all but admitting it’s bull, the league has called it nonsense.
Good work, Daily News! Please remember this the next time one of the people who work for you point at some internet writer and accuse them of ruining journalism.
9:01 AM: I tell ya, if George Steinbrenner were alive he’d be so mad at how the Yankees have been playing he’d get rid of the team! THE ENTIRE TEAM!
Rumors are flying in Major League Baseball and New York banking circles that the family that has owned Major League Baseball’s premiere franchise since Cleveland shipbuilder George Steinbrenner purchased the club for $8.8 million in 1973 is exploring the possibility of selling the Yankees.
Multiple baseball and finance sources told the Daily News they are hearing that the team the Steinbrenner family has led to seven World Series titles could be put on the block in the wake of the record sale price of $2.175 billion the Los Angeles Dodgers went for in April.
While it would seem to make decent financial sense to at least consider the possibility — if the Dodgers are worth a couple of billion the Yankees have to be worth more and, really, how much higher can franchise values go? — team president Randy Levine denied the rumors, saying that “there is absolutely, positively nothing to this.” Hal Steinbrenner called it ”complete fiction.”
What’s more, the speculation in the article about it being a good time because the team is aging should probably be ignored. Because really, the value of the Yankees is not something that is going to crater or peak based on a ten-game swing of wins from one year to the rest. If they are ever sold it will be because someone is valuing them as an enduring entertainment and marketing brand, not as a team that, in a given year, may contend in the AL East.
That said, (a) if I was thinking of selling the team I wouldn’t admit it either; and (b) again, how much higher can franchise values climb? If someone wanted to give you, I dunno, three billion for the Yankees, wouldn’t you be an idiot not to take it? That’s the likely source of this stuff — banker speculation and out-of-the-loop figurin’, not any real interest on the Yankees part to sell.
UPDATE: This seems to have less meat to it than a vegan cookout:
Multi-generational trusts set up by GSteinbrenner for heirs virtually preclude sale of Yanks; even if sold, heirs would incur huge tax bite
— Richard Sandomir (@RichSandomir) May 24, 2012
But hey, it’s fun to make stuff up too. Also: Bill Madden of the Daily News is apparently on New York radio this morning being asked about it and people who are listening are saying that he’s all but saying it’s a b.s. story but is stopping just short given that, you know,
his colleagues wrote it. Oh, wait, his name is second on the byline. Great job, Spink Award Winning Writer Bill Madden!
Dec 8, 2013, 2:44 PM EST
John Axford was non-tendered by the Cardinals earlier this month, but the 30-year-old right-hander won’t have trouble finding a new place to pitch. CBS Sports’ Jon Heyman reports that the Cubs, Orioles and Mariners have all expressed interest in Axford since the Cardinals let him go. And those teams may even offer him the opportunity…
Dec 8, 2013, 1:31 PM EST
Rakuten Golden Eagles president Yozo Tachibana spoke to the Japanese media this weekend about MLB and NPB’s new posting system, which puts a $20 million cap on posting fees. The Golden Eagles own the rights to the hottest international free agent on the market this winter, Masahiro Tanaka, and were hoping to cash in like…
Dec 8, 2013, 12:25 PM EST
Another thing to monitor at the Winter Meetings … According to Jon Heyman of CBS Sports, the Royals are expressing interest in free agent second baseman Omar Infante and will try to beat out the Yankees for his services. The two clubs engaged in a biding war for outfielder Carlos Beltran — which the Yanks…
Dec 8, 2013, 11:39 AM EST
From Tim Dierkes of MLBTradeRumors.com: More than 15 teams have called to express interest in free agent reliever Andrew Bailey, MLBTR has learned. The 29-year-old had season-ending shoulder surgery to repair a torn labrum in his shoulder in July, and the Red Sox declined to tender him a contract earlier this month. Barring setbacks, he…
Dec 8, 2013, 10:47 AM EST
Free agent right-hander A.J. Burnett has said publicly and privately that he will either pitch for the Pirates in 2014 or retire from baseball for good. The Bucs want him back and are prepared to commit a significant portion of their budget to the cause, but the 36-year-old has not made an official decision about…
Dec 8, 2013, 9:58 AM EST
LAKE BUENA VISTA, FL — Greetings from the Walt Disney World Dolphin Resort, deep in the dark recesses of the happiest place on Earth. I have been down here with my children since last Tuesday, doing battle with a mouse. The mouse is a worthy adversary. Much respect for him and his hyper-efficiency at separating…
Dec 8, 2013, 8:53 AM EST
If you read one thing today, make it this Seattle Times profile of the Mariners’ front office. Geoff Baker, the author of the piece, talked to former M’s manager Eric Wedge, former special assistant Tony Blengino and scouts who are still affiliated with the team. What he found wasn’t pretty. A taste: One of those…
Dec 7, 2013, 11:00 PM EST
First baseman James Loney had a career rebirth of sorts in 2013 with the Rays and the team would like to bring him back, but not at his current asking price, reports Mark Topkin of the Tampa Bay Times. Loney is currently seeking a three-year, $27 million deal. If the Rays have to search for…
Dec 7, 2013, 10:10 PM EST
Major League Baseball and Nippon Professional Baseball recently agreed to a new posting system, altering the way Major League teams pursue Japanese talent. One of the changes capped posting fees at $20 million, meaning that if multiple teams are willing to pay the fee, the player can negotiate with them all, with only the winner…
Dec 7, 2013, 9:15 PM EST
After Carlos Beltran signed a three-year, $45 million deal with the Yankees, we learned he had actually been offered more money by the Diamondbacks but declined in order to return to New York. Still looking to fill their corner outfield void, they are showing interest in Angels slugger Mark Trumbo, tweets Bob Nightengale of USA…
Dec 7, 2013, 8:10 PM EST
Per Mark Saxon of ESPN Los Angeles, Dodgers GM Ned Colletti says he has made multiple offers to Juan Uribe, but have yet to hear back. The 34-year-old free agent has spent a majority of his playing time at third base since joining the Dodgers in 2011. Uribe had a career year in 2013, finishing…
Dec 7, 2013, 7:35 PM EST
Billy Hamilton was a weapon off the bench for the Reds in September as the team geared up for a run at the NL Wild Card. In 2014, Hamilton is expected to play full-time as the Reds’ lead-off man and starting center fielder, writes MLB.com’s Mark Sheldon. Shin-Soo Choo patrolled center for them in 2013,…
Dec 7, 2013, 6:50 PM EST
Henry Schulman of the San Francisco Chronicle tweets that the Giants have considered free agent Mike Morse to fill their left field vacancy, but they think they can do a better job making a trade. Schulman added that he would not be surprised if the team made a trade over the upcoming winter meetings. Morse…
Dec 7, 2013, 6:05 PM EST
In what has become an annual tradition, rumors have begun to swirl suggesting Reds closer Aroldis Chapman could move into the starting rotation. The lefty has ranked among baseball’s top-five relievers over each of the past two seasons, but he would theoretically provide more value in the rotation. Neither the team nor Chapman is interested…
Dec 7, 2013, 5:32 PM EST
According to Joe Frisaro of MLB.com, the Marlins have had “internal discussions” about a trade for Rays utility man Sean Rodriguez. The plan would be to play him at third base, possibly as part of a platoon. The Marlins are reportedly close to a two-year, $7.5 million contract with Garrett Jones, which likely signals that…
Dec 7, 2013, 4:56 PM EST
One day after inking right-handed starter Scott Feldman to a three-year, $30 million contract, the Astros have signed veteran reliever Chad Qualls to a two-year deal with a club option for 2016. FOX Sports’ Ken Rosenthal reports that Qualls will make $6 million guaranteed in the deal while the option is worth $3.5 million. Qualls,…
Dec 7, 2013, 4:34 PM EST
Today marks the 72nd anniversary of the attack on Pearl Harbor which brought the United States into World War II. Murphy’s Bleachers, a popular bar outside Wrigley Field in Chicago, decided to remember that tragic day with this unfortunate and tasteless sign: Not the way to remember a tragedy. http://t.co/JZk8kxFwYM— Paul Sullivan (@PWSullivan) December 07,…
Dec 7, 2013, 3:09 PM EST
With last night’s signing of Carlos Beltran, the Yankees officially have a surplus of outfielders. And more than a few teams are wondering if they would consider cashing in on that depth in order to upgrade in other areas. Source: Yankees receiving significant interest in Brett Gardner and willing to trade him. They're not shopping…
Dec 7, 2013, 2:10 PM EST
It was reported two weeks ago that the Red Sox had checked in on the availability of Dodgers outfielder Matt Kemp and Nick Cafardo of the Boston Globe reports that he remains “in play” as a potential trade target for Boston. A potential match makes sense on paper, as the Dodgers have a surplus of…
Dec 7, 2013, 1:05 PM EST
Now that second baseman Robinson Cano has reportedly accepted a 10-year, $240 million contract to leave the Yankees for the Mariners, we can open the floodgates on some anonymously-sourced bad-mouthing. We have our first such story from the Cano side of things, courtesy of George A. King III of the New York Post: “Robbie didn’t…
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (111)