Friday, October 18, 2013
Sources: Yanks eye $300M spending plan
By Andrew Marchand
While all the talk to begin the offseason is about the New York Yankees' desire to cut the team's yearly payroll to $189 million, the front office is devising a plan that could have them going on a $300 million shopping spree, sources have told ESPNNewYork.com.
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The Yankees will begin their organizational meetings Monday where they will settle on a strategy they believe can cut payroll to $189 million while spending big on free agents.
The possible outlay of $300 million or more in total salary is similar to the number commonly associated with the winter of 2008-09 when the Yankees spent $423 million on CC Sabathia, Mark Teixeira and A.J. Burnett over the life of their multiyear contracts.