Don’t get used to seeing the Yankees with the payroll they have this season — just north of $300 million — going forward, whether Juan Soto is in The Bronx or not.
With Hal Steinbrenner again singing Soto’s praises at MLB Headquarters in Midtown on Wednesday at the owners meetings, saying that the team is “championship caliber,’’ the owner added their current payroll is “not sustainable.”
“I’m gonna be honest, payrolls at the levels we’re at right now are simply not sustainable for us financially,’’ Steinbrenner said. “It wouldn’t be sustainable for the vast majority of ownership [groups], given the luxury tax we have to pay.’’
“We’ve got a considerable amount of money coming off [next offseason],’’ Steinbrenner said. “We didn’t have a considerable amount of money coming off last offseason, which is why we’re at where we’re at.”
At this point, according to Spotrac.com, the Yankees are at $305 million in 2024, with $202 million already set for next year.
Gleyber Torres, at $14.2 million, is among those who might not be back, but they’ll have to open more space for Soto.
And Steinbrenner made it clear that he doesn’t want to replace all the money on this year’s payroll on next year’s docket.
https://nypost.com/2024/05/22/sports/hal-steinbrenners-payroll-plan-complicates-juan-sotos-yankees-future/?utm_campaign=nypost&utm_medium=social&utm_source=twitter“I’ve been a broken record [on this topic]: I don’t believe I should have a $300 million payroll to win a championship,’’ Steinbrenner said. “I believe I need a good mix of veterans, who are gonna make a lot more money, but, also, we’ve put a lot of money into our player development system in the last 5-10 years. And in my opinion, we have one of the better ones in baseball now.”
He pointed to the contributions made by Anthony Volpe and Luis Gil, as well as future additions like Jasson Dominguez, who is on a rehab assignment after last year’s elbow surgery to repair a torn UCL.
Feels like the Luxury tax penalties are making pretty much every MLB team behave as if there is a salary cap in place