New York Daily News: You Shouldn't Need 200 Million

[wildcard]

I would think that the Yankees generate enough revenue to do what ever they want when TV revenues are included. Steinbrenner is just realizing that paying more through long term contracts does not create a better team.

If he has the discipline to actually stop paying the huge amounts of money for players it will probably be bad for the O's because he will be abandoning a bad philosophy for a good one. This will make the Yankees more competition.

I am sorry to see the the Yankees may be wising up.

[Redskins Rick]

I would think that the Yankees generate enough revenue to do what ever they want when TV revenues are included. Steinbrenner is just realizing that paying more through long term contracts does not create a better team.

If he has the discipline to actually stop paying the huge amounts of money for players it will probably be bad for the O's because he will be abandoning a bad philosophy for a good one. This will make the Yankees more competition.

I am sorry to see the the Yankees may be wising up.

You do realize that Daddy has died and left the team to the sons.

The way you write, you are implying the sons finally woke up and changing the way they run things.

Instead of, a new owner with a new style and different opinion on the best way to run things.

[MurphDogg]

Congress did this weird thing where the inheritance tax rate ramped down towards zero for several years, hit zero in 2010, but then automatically reverted to where it started in 2011. One of those political moves that makes no sense at all from a policy point of view.

It made sense from a policy standpoint because it kicked the can down the road. The 2001 politicians supporting the declining estate tax knew that it would be untenable for the tax to revert to 2001 levels, so Congress would be forced to pass a new law in 2010. As it was, incentivizing people to die in 2010 instead of 2011 was already kinda icky, and the incentive would have been even greater if Congress didn't pass the new law. The 2001 politicians opposing the law got to say that it was only temporary even though the end result was clearly foreseeable.

[Frobby]

You do realize that Daddy has died and left the team to the sons.

The way you write, you are implying the sons finally woke up and changing the way they run things.

Instead of, a new owner with a new style and different opinion on the best way to run things.

I haven't noticed a big change in style the last five years. Daddy died in July 2010. Since then, the Yankees extended Jeter (first for 3/$47.7 mm with an option, and then $12 mm for his final season), Sabathia ($25 mm for 2016, then an option for 2017 at $25 mm with a $5 mm buyout) and Gardner (4/$52 mm) and signed Tanaka (7/$155 mm plus a $20 mm posting fee), Beltran (3/$45 mm), Ellsbury (7/$153 mm), McCann (5/$85 mm), Headley (4/$52 mm) and Miller (4/$36 mm).

[Frobby]

It made sense from a policy standpoint because it kicked the can down the road. The 2001 politicians supporting the declining estate tax knew that it would be untenable for the tax to revert to 2001 levels, so Congress would be forced to pass a new law in 2010. As it was, incentivizing people to die in 2010 instead of 2011 was already kinda icky, and the incentive would have been even greater if Congress didn't pass the new law. The 2001 politicians opposing the law got to say that it was only temporary even though the end result was clearly foreseeable.

To me, that's politics, not policy. Policy is deciding if an inheritance tax is a good way to raise revenue, and if so, choosing a rate that makes sense.

[Redskins Rick]

I haven't noticed a big change in style the last five years. Daddy died in July 2010. Since then, the Yankees extended Jeter (first for 3/$47.7 mm with an option, and then $12 mm for his final season), Sabathia ($25 mm for 2016, then an option for 2017 at $25 mm with a $5 mm buyout) and Gardner (4/$52 mm) and signed Tanaka (7/$155 mm plus a $20 mm posting fee), Beltran (3/$45 mm), Ellsbury (7/$153 mm), McCann (5/$85 mm), Headley (4/$52 mm) and Miller (4/$36 mm).

Good Points.

Cano walked, you keep hearing about getting payroll under the luxury cap and that's something they never mentioned under Daddy George.

A-Rod getting suspended only helped their payroll last season.

[Frobby]

Good Points.

Cano walked, you keep hearing about getting payroll under the luxury cap and that's something they never mentioned under Daddy George.

A-Rod getting suspended only helped their payroll last season.

Yeah, I keep hearing about getting payroll under the luxury cap. And then they go out and spend to make that impossible. I'll concede they finally drew a line with Cano, while spending a ton of money on Tanaka, Beltran, Ellsbury and McCann that same offseason. The Yankee payroll was $210 mm the last year George was alive, and it was $258 mm last year. The ARod, Tex and original Sabathia deal (which expires this season) were on Dad's watch; everything else is on the sons.

[weams]

Yeah, I keep hearing about getting payroll under the luxury cap. And then they go out and spend to make that impossible. I'll concede they finally drew a line with Cano, while spending a ton of money on Tanaka, Beltran, Ellsbury and McCann that same offseason. The Yankee payroll was $210 mm the last year George was alive, and it was $258 mm last year. The ARod, Tex and original Sabathia deal (which expires this season) were on Dad's watch; everything else is on the sons.

I do think it is funny to think of them as fiscally prudent though.