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Tuesday December 3rd 2024

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Will $400-500 Million YES Network Sale Bring Back Yankees’ Blank-Check Payroll?

York Yankees principal owner Hal Steinbrenner has publicly stated his intention to get the team's payroll under the $189 million luxury tax threshold for 2014. He's all but declared it a mandate.

“I’m looking at it as a goal, but my goals are normally considered a requirement,” Steinbrenner said to reporters, including The New York Times' David Waldstein in March.

“Is it a requirement with baseball that we be at 189? No, it’s not a requirement. But that is going to be the luxury tax threshold, and that’s where I want to be.”

All right, but will Steinbrenner be singing the same tune if $500 million suddenly drops into his lap? According to ESPN's Darren Rovell, that's what the Yankees could receive ...

Read Full Article at Bleacher Report - New York Yankees


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