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Yankee Brian Roberts. (Update: Signs for $2M+)

Greg

By Greg
in Orioles Talk

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mdbdotcom Hangout Grand Counsel

mdbdotcom

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Do the Yankees have to pay his salary or does the team picking him up have to pay it?

Yes, I am thinking of a possible DH here.

According to MLBTR, the Yankees are on the hook for about 1/3 of the $42 million left on his salary. Also, he can't hit anymore.

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weams Hangout Grand Counsel

weams

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According to MLBTR, the Yankees are on the hook for about 1/3 of the $42 million left on his salary. Also, he can't hit anymore.

I thought they paid that all last season. Might be wrong. NY Post showed him counting nothing against their lux tax total for this season.

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Redskins Rick Hangout Grand Counsel

Redskins Rick

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The Angels pay $18.6MM in 2014. The Yankees pay $2.4MM. If a team claims him, they would be on the hook for the 2.4. If he is unclaimed and signed as a FA, the signing team would only be on the hook for the ML minimum.

sherman3_normal.jpgJoel Sherman ‏@Joelsherman1<small class="time" style="font-size: 12px; color: rgb(187, 187, 187); position: relative; float: right; margin-top: 1px;">39m</small>

Further proof #Yankees are ignoring $189M aim: DFAd Vernon Wells, who cost them $0 for 2014 against payroll for luxury tax purposes

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weams Hangout Grand Counsel

weams

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Although Wells’ seven-year, $126 million contract has been looked at as an albatross for the Angels, the deal could actually be quite beneficial for the Yankees financially. Despite Wells’ bloated salary, his arrival may help the Yankees achieve their goal of staying below the luxury tax threshold next year.

The Angels are sending the Yankees roughly $29 million of the $42 million still owed to Wells, who will earn $21 million in each of the next two seasons.

That means the Yankees will pay Wells $13 million over the next two years, but some fancy accounting could actually make it so the three-time All-Star doesn’t count against the team’s luxury tax payroll figure at all in 2014 — or even better, earn them a credit.

Wells’ seven-year, $126 million contract carries an average annual value of $18 million, which is the figure used by MLB for luxury tax purposes. That figure decreases based on the money being paid by another team, so if the Yankees were to split the $29 million evenly, it would leave them with a $3.5 million tax figure on Wells’ deal in each of the two seasons.

But according to a league source, the Yankees are expected to pay Wells between $10 million and $12 million in 2013, leaving the Angels to pick up the other $9 million-$11 million.

Read more: http://www.nydailynews.com/sports/baseball/yankees/weight-wells-contract-crush-yanks-article-1.1298453#ixzz2q1afVlPW

It's making my head hurt.
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fearthenoodle Major Leaguer

fearthenoodle

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sherman3_normal.jpgJoel Sherman ‏@Joelsherman1<small class="time" style="font-size: 12px; color: rgb(187, 187, 187); position: relative; float: right; margin-top: 1px;">39m</small>

Further proof #Yankees are ignoring $189M aim: DFAd Vernon Wells, who cost them $0 for 2014 against payroll for luxury tax purposes

They are paying him $2.4MM but it does not count against their luxury tax number.

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