New Bucks Owners Open To Local Investors Sources: Islanders Draw New Suitors Colts To Remain With Irsays Long Term Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes Bruins, Celtics Headed In Opposite Directions
Upcoming Conferences and Events
SBD/March 2, 2012/Franchises
Steinbrenner Wants To Keep Yankees' Payroll Within Luxury Tax Threshold By '14
Published March 2, 2012
COLD TURKEY: In N.Y., Joel Sherman writes Steinbrenner has "two years to wean his organization off its drug of choice." The Yankees "essentially cannot get under the $189 million limbo pole without entrusting much of its rotation to young, inexpensive alternatives." And if they "really do go cold turkey in quest of payroll sobriety, then fans will have to readjust their knee-jerk expectations: Great player available, go buy him." This will mean "no Matt Cain or Cole Hamels in free agency next offseason, or Felix Hernandez if he ever becomes available in a trade" (N.Y. POST, 3/2). The N.Y. Daily News' Tim Smith said of the team's plan, "It actually makes a lot of sense, but we're so used to them spending outrageous amounts of money” (“Daily News Live,” SportsNet N.Y., 3/1). SportsNet N.Y.'s Adam Schein said, "We have already seen evidence of it. The Yankees have been trending this way. The George Steinbrenner Yankees would have signed Prince Fielder to be their designated hitter. That was ‘The George Way.’ The Yankees were never involved on anyone big when it came to the DH spot" ("Loud Mouths," SportsNet N.Y., 3/1). The WALL STREET JOURNAL's Daniel Barbarisi writes the "rare window into Yankee budgetary thinking explains why they have been loathe to go for large, long-term contracts in the past few offseasons, and why the team has been excited to make moves like the one-year deal" for Kuroda and the trade for P Michael Pineda. But it also means the Yankees "will face some very tough decisions in the next two seasons, when the contracts for key players" like CF Curtis Granderson and 2B Robinson Cano expire (WALL STREET JOURNAL, 3/2).
BACKING CASHMAN: On Long Island, Erik Boland notes Steinbrenner Thursday reiterated "the organization's support" for Cashman, despite his recent off-the-field issues. Steinbrenner said, "I'm not going to get into personal situations of employees. That's just not Yankee business. I can only say we're here to support him and he knows that" (NEWSDAY, 3/2).