* $9 million bonus
** $5 million bonus
Depending on how exactly the Mark Teixeira and CC Sabathia signing bonuses count against the payroll, that $192.35 million could turn into $206.35 million. That covers 18 of 25 players, leaving seven roster spots to players who will presumably make under $500,000 each. Even factoring in the $500K, that means another $3.5 million, bringing payroll to $209.85, or right in line with 2008.
That would seem to be the Opening Day figure, though the Yankees do owe a bit more money elsewhere. For starters, they need to pay a certain minimum to all players on the 40-man roster, though that’s won’t bump up the value too much. There’s also the million or so owed to Andrew Brackman, and the $4 million owed to Kei Igawa. Plus, if a player hits the Major League disabled list, they’ll call up another player, who will get a prorated portion of the league minimum salary.
We can start to form a better picture of the Yankees salary situation into the future as well.
Yankees Future Payroll w/ Tex
* team option
** can opt out of contract
Matt Holliday’s name has been connected with the Yankees by many fans (and his own father). If he puts up a good season in Oakland he’ll be one of the premier names in the 2010 free agent class. With Scott Boras as his agent you know he’ll do just fine on the market. Figure, for the sake of argument, that the Yanks land him on a five-year, $85 million deal. That would bring the Yanks 2010 payroll to $177.35 for just 11 players. In 2011 that would be $146 million for nine players. Things could clear up in 2012, when CC could opt out and the Yankees hold options on Cano, Marte, and Swisher. However, that’s still $85 million on four players.
With such big numbers prevent the Yankees from adding another long-term contract or two? I don’t think so. It will certainly make them think twice, but as with Teixeira, if a player they desire falls into their price range, they’re going to make the move. Their best weapon is capital. They might as well use it when they can, so long as they use it wisely.
A couple of links in my browser that don’t really even fit in an aside:
At the LA Times, Jon Weisman and his commenters ponder an inside-the-park home run derby. I’d watch it for sure.
Eddie at Detroit Tiger Tales discusses what went wrong with his predictions for the Elias rankings. Hopefully this leads to an even more accurate projection after the 2009 season.