Saturday, October 18, 2008

Yankees to Sign Everyone

I found it a little curious when Buster Olney mentioned the Yankees were looking to cut payroll by about 30 million next year. Consider that with the new stadium and the Yankees underachieving ways the checkbook was sure to get a major workout. Take the follow excerpt from Crains earlier this year;

The team's revenues—already the highest in the sport, at an estimated $327 million last year—are poised to double almost immediately. This quantum leap will be driven by factors ranging from higher prices for tickets and hot dogs to increased revenues from the YES Network for game telecasts. There will also be new revenue sources, such as leasing out the new stadium for concerts.

Reading the particulars of the article the Yankees could easily reach 300 million in payroll and make a profit. So the Olney comment was a little odd. Yesterday John Heyman comes out saying the Yankees will look to spend and spend big;

Determined not miss the playoffs for a second straight season in 2009, the Yankees' top executives have decided to pursue many of the game's premier free agents, chief among them starting pitchers CC Sabathia, A.J. Burnett and Derek Lowe, and first baseman Mark Teixeira, among others, this winter.

Now that sounds like the Yankees with a sudden windfall of new revenues and a third place finish to help motivate. I think the two difference makers are CC and Tex so go Cash-man and rebuild!

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