More on the Yanks and the economyBy
Picking up where I left off this morning is Ken Rosenthal. While I think the MLB-wide arbitration decisions portend tighter economic times throughout the sport, Rosenthal feels that, contrary to what many of us assumed, even the Yankees will suffer. Outside of a soft market for outfielders, Rosenthal expects the Yanks’ 2009 payroll to be significantly lower than their 2008 total and doesn’t believe the new stadium will be as lucrative in its first year as it would be had the economy been stronger. Of course, we’ve heard the payroll line before, and the Yanks still have a $140 million offer outstanding to CC Sabathia. The Yanks’ spending, though, may not be as all-encompassing as we once thought it would be.