Yankees Plan To Lower Payroll Under Luxury Tax Threshold

New York Yankees managing general partner Hal Steinbrenner told reporters today he plans to lower the team's payroll under $189 million in the next couple of years. The new Major League Baseball collective bargaining agreement states the luxury tax threshold will be at $189 million after the 2013 season. By lowering their payroll below the threshold, the Yankees won't be needing to pay luxury tax and will asked to throw in less money into revenue sharing.

"Is it a requirement with baseball that we hit 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," Steinbrenner said on Thursday. "I don't think it's an unrealistic goal. My goals are normally considered a requirement."

The Yankees have a pretty good farm system with players that should be able to contribute to the club in the long term, specifically with the pitching staff. But they also have some players at the tail end of their contracts in Robinson Cano and Curtis Granderson. If the team is looking to save some money, they'll be restricted in what they can do in free agency in the coming years and of course, extending their own players.

Looking at the Yankees payroll numbers, they'll be paying $73.411 million to Mark Teixeira, CC Sabathia and Alex Rodriguez in the 2014 season. Curtis Granderson and Robinson Cano will be entering their final year with the team in 2013 as well.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join MLB Daily Dish

You must be a member of MLB Daily Dish to participate.

We have our own Community Guidelines at MLB Daily Dish. You should read them.

Join MLB Daily Dish

You must be a member of MLB Daily Dish to participate.

We have our own Community Guidelines at MLB Daily Dish. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9351_tracker