Thursday, March 1, 2012
Hal Steinbrenner: Payroll comin' down Hal Steinbrenner got accosted on his way to the elevator by the Yankees' beat crew, and confirmed what GM Brian Cashman has been saying all winter:
The Yankees are in the process of "streamlining'' the payroll, and the magic number is $189 million, which will be the new luxury-tax threshold for the 2014 season as established by the recently ratified CBA.
"I'm looking at is as a goal,'' Steinbrenner said, "and my goals are normally considered a requirement.''
Currently, the Yankees' payroll stands at approximately $210 million, and for 2014 they are already committed to $75 million for four players: Alex Rodriguez, CC Sabathia, Mark Teixeira and Derek Jeter.
Plus, Robinson Cano, Curtis Granderson and Ivan Nova, among others, will be eligible for free agency.
Hal, who described himself as "a finance geek,'' expanded on a variety of topics, including his excitement for the upcoming season. At times, he sounded positively Boss-like.
I'll have the whole story up on the website shortly.