Does Steinbrenner crap money?

[KLin]

http://sports.espn.go.com/mlb/news/story?id=3765754

Another huge contract for a player. :Q

 

[paulney]

I think part of our economy trouble is overcompensated athletes.
Seriously, this nation is bent waaaaaay to much on sports.

 

[drum]

That will just make it that much sweeter when they lose in the division series.
I hope CC does well but the Yankees as a whole can kindly blow it out their collective ass as far as I'm concerned.

 

[pontifex]

i was wondering about this this morning when i heard about some players with huge contracts. do the teams bring in that much money to afford those high salaries?

 

[Baked]

Mafia family.

 

[drum]

Originally posted by: pontifex
i was wondering about this this morning when i heard about some players with huge contracts. do the teams bring in that much money to afford those high salaries?

Only the Yankees and Red Sox can get away with that. anyone else sacrifices the rest of their team to do that.
Other teams can't blow 25% of their payroll on one player that plays 1 time every 5 days

 

[speg]

%#*@ this is no fair. My poor, poor Blue Jays

 

[Legendary]

The yanks have yet to spend all the money that came off the books this year.

 

[drum]

Originally posted by: Legendary
The yanks have yet to spend all the money that came off the books this year.

when your ceiling is +200million that's not saying much when you get rid of a bunch of people that were overpaid to replace them with... overpaid people to get right back where you were.

 

[preslove]

I'll laugh when they fail to make the playoffs again.

The REALLY funny thing is that the core of the team that dominated for so long were people like Bernie Williams, Derek Jeter, and Andy Petite, who came up in the organization. The team started to decline as they started to rely on $ to bring in free agents, who consistently underperformed. I have a feeling that the Steinbrenner kid is an idiot son who will drive that team into the ditch.

 

[Baked]

Why isn't there a salary cap for MLB? It's as big of a mystery as no playoff system for NCAA IA football.

 

[poncherelli2]

Originally posted by: drum

Originally posted by: pontifex
i was wondering about this this morning when i heard about some players with huge contracts. do the teams bring in that much money to afford those high salaries?

Only the Yankees and Red Sox can get away with that. anyone else sacrifices the rest of their team to do that.
Other teams can't blow 25% of their payroll on one player that plays 1 time every 5 days

You realize Boston was the 4th highest payroll last year, and came in about 60MM below NYY.

The Yankees can afford this because they continue to rape the taxpayers as they build a baseball palace that will open all sorts of new revenue streams.

 

[rh71]

why no cap?

 

[dbk]

LOL top 3 highest paid AL pitchers all on the Yankees next year..CC, Burnett, Mo.

Pretty stacked rotation though, especially if they bring back Pettitte or even better-sign Lowe

 

[SludgeFactory]

Originally posted by: rh71
why no cap?

The players obviously don't want it. The other side, the owners, aren't even unified on it. If there was a crazy maverick commissioner who chose to "act in the best interests of baseball" rather than a puppet who consistently takes the path of least resistance, maybe the economic disparity issue would be pressed a little more.

But there isn't, and a fight to the death over this one isn't happening any time soon.

 

[slayer202]

It's too late to add a cap now

 

[Ballatician]

Originally posted by: preslove
I'll laugh when they fail to make the playoffs again.

The REALLY funny thing is that the core of the team that dominated for so long were people like Bernie Williams, Derek Jeter, and Andy Petite, who came up in the organization. The team started to decline as they started to rely on $ to bring in free agents, who consistently underperformed. I have a feeling that the Steinbrenner kid is an idiot son who will drive that team into the ditch.

I agree with your analysis.

 

[TallBill]

Originally posted by: slayer202
It's too late to add a cap now

Yup, would be near impossible. Anyways, the Yankees have a fucking enormous market so they can afford it.

 

[goog40]

Also keep in mind the Yanks will have to pay an extra 40% on top of every dollar spent over the luxury tax threshold. So you can look at CC and AJ's contract as costing them over $32 mil and $21 mil a year, respectively.

 

[dennilfloss]

He's not even a 20 game winner...

 

[KLin]

Originally posted by: goog40
Also keep in mind the Yanks will have to pay an extra 40% on top of every dollar spent over the luxury tax threshold. So you can look at CC and AJ's contract as costing them over $32 mil and $21 mil a year, respectively.

Elaborate please?

 

[goog40]

Originally posted by: KLin

Originally posted by: goog40
Also keep in mind the Yanks will have to pay an extra 40% on top of every dollar spent over the luxury tax threshold. So you can look at CC and AJ's contract as costing them over $32 mil and $21 mil a year, respectively.

Elaborate please?

Baseball has a luxury tax, where teams get taxed a certain percentage on the amount by which they exceed the threshold (which is about $160 million next year). Repeat offenders get taxed a higher percentage, so the Yankees have to pay the maximum tax (40%).

I just saw that they got rid of around $70 million in contracts from last year's team though, so they might not exceed the luxury tax threshold by that much this year, depending on how much more they're going to spend.

 

[Bill Brasky]

Revenue sharing also helps offset the lack of a cap, but not really. My Royals are hurtin'.

 

[KLin]

Originally posted by: goog40

Originally posted by: KLin

Originally posted by: goog40
Also keep in mind the Yanks will have to pay an extra 40% on top of every dollar spent over the luxury tax threshold. So you can look at CC and AJ's contract as costing them over $32 mil and $21 mil a year, respectively.

Elaborate please?

Baseball has a luxury tax, where teams get taxed a certain percentage on the amount by which they exceed the threshold (which is about $160 million next year). Repeat offenders get taxed a higher percentage, so the Yankees have to pay the maximum tax (40%).

I just saw that they got rid of around $70 million in contracts from last year's team though, so they might not exceed the luxury tax threshold by that much this year, depending on how much more they're going to spend.

So that's the MLB's salary cap. Go as high as you want, but you'll pay for it in tax penalties. Interesting.

 

[JC86]

This sort of knee jerk reaction to missing the playoffs is what got the Yankees in trouble in the first place. . . big money free agent busts like Giambi, Pavano, Randy Johnson, etc. CC hasn't proven anything in the playoffs . . especially against hte red sox who owned him two years ago in the playoffs. Burnett is solid when healthy but that's a big if. I wouldn't be surprised in the least bit if Burnett turns into the next carl pavano. Remember how much CC struggled to start last year? I think he was trying too hard in a contract year and now that he's the best paid pitcher in the MLB, he'll even try harder .. . How do all these signings make Chien Ming Wang feel? Prior to last year, he's been their most consistent starter and only making like 4 million because the Yankees cited injury concerns with pitchers .. . then they go out and drop 1/4 billion dollars on two pitchers . .. . I'd be pissed.