Hey, must be the moneyBy
Perusing through The Times this morning while eating breakfast, I left their coverage of the Iowa caucuses for a quick glimpse at the Sports pages. What did I find but yet another article on Johan Santana.
Today, Tyler Kepner reinforces the rumors we’ve heard of a debate between Hank and Hal over the money Santana will command. Both Steinbrenner brothers, Kepner reports, are as hellbent on winning as their father is, but Hal is concerned that the financial outlay for Santana doesn’t justify a trade.
Interesting in the Kepner article – besides, of course, the Santana question – are the descriptions of the chain of command. While Hank has become the de facto spokesperson for the Yankees ownership, Hal considered an equal in the organization and is responsible for the money. As Kepner writes, Hank, for all his bluster, “cannot and has not acted unilaterally.”
So how do the Santana economics play into this? Well, Hank is willing to sign on to GM Brian Cashman‘s player development deal but wants to avoid a possible scenario where Santana ends up on the Red Sox. Hal wants to keep the payroll at $200 million, an amount that, if spent wisely, should keep the Yankees competitive forever. Santana and his contract would add substantially to the Yanks’ payroll. Kepner writes:
If the teams agreed on players, the Yankees would have to negotiate a contract extension with Santana, who would probably ask for seven years and $140 million.
For the Yankees, the $140 million figure would be compounded by an additional $56 million they would owe in luxury taxes, because they are still charged an extra 40 cents for every dollar they spend. Investing almost $200 million in Santana for seven years — and the prospects — is clearly too steep a price for General Manager Brian Cashman.
Shelling out $200 million plus prospects for the services of Johan Santana is indeed a price that is too high. As long as Hal and Cashman are on the same side, it seems like the Yanks won’t trade for the Twins’ lefty. As the Santana shenanigans continue, it’s interesting to watch the Yanks’ new organizational structure take place.