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New York Yankees: Why the Fiscal Frugality Strategy Will Work

New York Yankees will hoist another Commissioner’s Trophy down the Canyon of Heroes in the near future.  When they do, the team’s bank account will have extra zeroes in it.

Yankees managing general partner Hal Steinbrenner publicized the team’s intent to lower payroll under the $189 million threshold to avoid paying the luxury tax.

Unlike his father, the late, great George Steinbrenner, Hal has a financial background and believes the team can compete without a bloated payroll.  He has said “a thousand times” the Yankees “will field a championship-caliber team.”

The Yankees must make changes to how they’ve historically done business for new strategy to work. Several teams ...

Read Full Article at Bleacher Report - New York Yankees


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