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SBD/January 2, 2014/Franchises
Yankees Reportedly On Pace To Shatter Int'l Spending Record Through CBA Loophole
Published January 2, 2014
THE BOTTOM LINE: In N.Y., Joel Sherman wrote the case could be made that the Yankees' "best chance to upgrade their prospect base while dropping under the threshold was last season." Instead, the Yankees "responded, for example, by adding" $11.5M last year for LF Vernon Wells. On one hand, "good for the Steinbrenner family for always going for it." On the other, "bad for the Steinbrenner family for not recognizing sometimes you have to punt for better field position." But missing the playoffs in '13 "seems to have triggered that never-surrender DNA in the organization again." Combine that with "rising prices for top players and the Yanks’ zeal to compensate for the free-agent loss" of 2B Robinson Cano, and "suddenly they are roughly at" $209M for luxury-tax purposes in '14 (N.Y. POST, 12/31).