The reason why the Yankees and $189 million keep being brought up is if they can come in under that amount, their luxury tax rate would be slashed from 50 percent to 17.5 percent. A-Rod may be the key.
Ellsbury, who turned 30 in September, led the majors with 52 stolen bases despite being hobbled late in the season by a broken right foot. The lefty-hitting leadoff man batted .298 with nine homers and 53 RBIs.
Derek Jeter’s new contract has increased the Yankees’ luxury tax payroll to $97.71 million for seven signed players next year.
“I talked to Joe on two different occasions,” Steinbrenner said. “I made it clear to him that we do want him back. My family thinks he did a great job this season given everything that happened. We’re gonna try to work something out.”
David Robertson will earn $3.1 million under his one-year deal with the Yanks, increases Yankees’ projected payroll to about $206M.
The New York Yankees have been hit with an $18.9 million luxury tax by Major League Baseball, the 10th consecutive year they will pay a penalty for their spending.
New York general manager Brian Cashman says even with planned payroll cuts that the Yankees will still out spend everyone else in baseball.
Steinbrenner says it’s his goal to lower the team’s payroll to $189 million over the next few years.
Like closer Brian Wilson, the Giants apparently want Mets slugger Carlos Beltran in San Francisco. They just don’t want to part with any big-time youngsters for him.
Some residents in Greenwich are not liking Connecticut Gov. Dan Malloy’s proposal to raise the sales tax to 9.35 percent on expensive luxury cars.
New York was hit with an $18 million luxury tax by MLB on Tuesday. The tax was New York’s lowest since 2003 and down from $25.7 million last year, when the Yankees won the World Series.