Jun
25

Update: Yankees will recoup insurance money for Teixeira’s salary

By

5:41pm: Conflicting reports! Bryan Hoch says the WBC is not on the hook for Teixeira’s salary since the Yankees activated him off the DL. The team will, however, recoup some insurance money while he’s hurt. Either way, someone other than the Yankees are paying part of Teixeira’s salary while he is injured. So there.

12:30pm: Via David Waldstein: The World Baseball Classic is indeed responsible for Mark Teixeira‘s salary during his current DL stint because he went back on the shelf with the same injury. Ken Rosenthal originally reported that would be the case in March, but there was some confusion after the Yankees activated the first baseman off the DL.

Teixeira, 33, is still feeling discomfort in his right wrist after receiving a cortisone shot last week. Even if he doesn’t need season-ending surgery, it seems clear he isn’t particularly close to returning right now. Teixeira earns close to $140k per game, so the Yankees are saving a ton of money due to the injury. They reinvested the portion they saved during his first DL trip on Vernon Wells, so hopefully they make a better move with the savings if he is indeed out long-term. If Tex misses the rest of the year, the Yankees are going to have something like $12.5M extra to play around with at the deadline. That’s huge.

Categories : Asides, Injuries
  • King of Fruitless Hypotheticals

    Does that include luxury tax?

    • 28 this year

      I doubt it but that was going to be my question. Even if they have 12.5 million, its really closer to 8 cause theres a 40 or 50% tax on anything the Yankees spend now so 8 million puts the Yankees at 12 million in additional spending with luxury tax.

  • Dr. TJ Eckelberg

    TAKE ON ALL DA SALARIEZ!!!!

  • King of Fruitless Hypotheticals

    …can we get Al to play in the last WBC somehow?

    • trr

      RIGHT ON!

  • the other Steve S.

    So, if this is career threatening, the WBC might be on the hook for the rest of his contract? Might be doom for the WBC unless it’s an insurance matter.

    • LK

      I’d have to think this is covered by insurance.

      Also, do we know for sure that the WBC would cover more than just the one year, even if it is career-ending? (I haven’t read anything that suggests it might be career-ending, I’m just wondering.)

    • Wil Nieves #1 Fan

      Wishful thinking.

  • trr

    Looking forward to Hal reinvesting that money into the team ASAP

    • I’m One

      As previously discussed, Kendrys Morales, please (among others).

      • http://www.penuel-law.com/ Cuso

        Uh….no. I know he got hot recently. But he’s cooled off considerably (notwithstanding his pinch-hit HR) and he is chronically injured. As a matter of fact, he’s nursing another back injury right now.

        He slower than Pujols to first base right now too. That ankle will never fully recover.

        He’s a 40 year-old trapped in a 30 year-old body. Pass.

        • jsbrendog

          kendrys morales is hitting just as good as robinson cano (129 to 120 ops+) and has only played 3 fewer games.

          if you dont want that that you have no idea what you are talking about. please check facts. here they are

          http://www.baseball-reference......ke01.shtml

          depending on cost morales makes a shit ton of sense for this team in almost every way other than he hasnt been stellar vs lefties

  • Robinson Tilapia

    I’d rather them throw in a couple of runs instead.

  • hogsmog

    All of a sudden I’m thinking it would be really cool to see Ichiro and Wells to play their hearts out in the WBC next year….

    • I’m One

      Maybe we can strategically place someone on the competing team … Not saying they should take out Ichiro & Wells, but if it happens ….. ;-)

    • Kramerica Industries

      Next WBC isn’t until 2017.

    • Pat D

      There is no WBC next year, sadly.

    • Jimmy Bag of Donuts

      We can take care of things like that.

  • http://www.twitter.com/matt__harris Matt :: Sec110

    Just for shits and giggles, if this injury caused Tex to retire…would the WBC have to cover the rest of his contract?

    • http://www.twitter.com/matt__harris Matt :: Sec110

      just noticed someone asked the same question above, my bad…haha.

  • your mom

    $140,000 per game? Sickening.

    • I’m One

      Yeah, I’d take $140k/yr!

  • Mr. Offtopic

    I know it’s off topic; but Rumbelow just signed for $100K, per KLF.

  • Pseudoyanks

    Use that dinero on teh Cuban none of us heard of till yesterday…

    • LK

      You’re probably joking, but there’s a chance that’s the best use of the money.

      I remember someone telling me that the Wells move was “no risk” because there was no 2014 money tied up, his 2013 salary was covered, and there was no one better available at the time. I’d like to see them re-invest this cash, but don’t spend it on garbage just for the sake of saying you spent it.

      • bill

        Spend it on the cuban Defector but I bet Hal justs pockets the money

        • Craig

          Right…because that’s what Hal has done this year. Oh wait, the Yankees have the 2nd highest payroll in baseball so you are completely wrong.

          Nice try, though.

      • Robinson Tilapia

        It very well may be. I’m sure we’ll hear more about him in due time.

      • Pseudoyanks

        I was only partially joking. IF the yanks scout him and love him, then yes, I think it would be a great use of the dinero. The joke was more around everyone pining for him with no knowledge of how good he was in yesterday’s thread.

        • LK

          Yeah that’s what I figured. I get pining for guys who we hear about for years like Darvish, but the Cuban guys we really have no idea.

        • ChrisS

          Depending on how the scouts see him, it could be essentially buying an extra first round pick. When the Yankees draft where they draft, being able to flex spending muscle in this way is largely a risk-free move (e.g., no lost draft picks, draft pool implications, etc.).

  • Bavarian Yankee

    I guess the Yanks should always send the guys with the worst contracts to the WBC and hope tell them to get injured. In hindsight they should’ve just sent A-Rod to the WBC :D

  • http://riveraveblues austinmac

    Since they owe the luxury tax whether Teixiera plays or does not, they do save the full salary amount while he is off. In other words, this savings is not offset in any way.

    • http://www.twitter.com/matt__harris Matt :: Sec110

      It is for this year…they can spend the $12 or so that Tex was due to make in trades.

  • http://riveraveblues austinmac

    Bavarian,

    Sneaky plan. I like it. Maybe Arod is still suffering from a prior WBC injury. That’s the ticket.

  • phil

    How about going to Seatle for eith kendry Morales or a right handed hitting Mike Morse both could replace Overbay at first

    • BFDeal

      Morse is on the DL.

  • CashmanHas2Go

    Based on what we’ve seen since George died, why would you expect Hal to do ANYTHING with that money except shove it in his pockets?

    He obviously doesn’t care about the product. Look at the crap they put on he field nightly.

    I’m just thrilled the YES ratings are down 38%. They should be.

    • Jim Is Bored

      Yeah I can’t believe the Yankees payroll dropped all the way to last in the majors.

      • The Doctor

        Lost in all of this is the fact that as you sarcastically pointed out, the Yankees still have a sky high payroll. The Steinbrenners spent it poorly this year and hopefully they’ll learn their lesson and not attempt something like this again. Then again, the overall good record may just fool them into thinking it was a success so I really don’t know.

        • Coolerking101

          And what is often forgotten by those who point to the Yankees’ current payroll is how little their payroll has increased over the last 4 years. In essence, the payroll has remained stagnant while all other contenders have increased their payroll by leaps and bounds.

          While I understand this is partially a result of the CBA (ie. luxury tax/revenue sharing), the Yanks used to outspend the entire league by 50-100%. Even if we take into account the luxury tax, the Yanks have stopped trying to outspend the league the way they used to.

      • Robinson Tilapia

        They’re just “venting.”

      • CashmanHas2Go

        The Yankees payroll being as high as it is almost entirely a product of money spent while George was still alive.

        In the past 4 years, who have the Yankees spent big on??? 3/36 for Alfonso Soriano. Anybody else???

        Nope. Every other addition has been some cheap (relative) pile of crap that Brian Cashman scraped from the bottom of somebody else’s dumpster.

  • Coolerking101

    I could be wrong, but I recall reading a report when Tex was first injured indicating that there was a limit to the WBC’s financial liability…and it was FAR below the value of his contract. Tried searching for this report with no luck. Anyone else remember a similar report?

  • LarryM Fl

    140K per game is just crazy for 3hrs& 40 minutes, AL East game. I understand the ratio of players and those who make it is small and limited. It is not like he can walk across the Grand Canyon on a wire.

    I wonder if there is a breaking point for the fan when they say,” enough is enough.” Are we seeing it with Cano’s contract?

    • Robinson Tilapia

      Larry, you’ve been around for a while. What do you honestly think the answer to that question is?

      Anything other than “no,” by the way, would be the wrong answer. :)

    • CashmanHas2Go

      This whole “breaking point” thing is ridiculous for two reasons.

      1) When ask if we’re “seeing it with Cano,” you’re pretending the fans have some sort of role in that negotiation. That’s laughable.

      2) The only “breaking point” with fans and the Yankees is losing. That’s why The Stadium looks like a ghost town many nights. That’s why the Yankees can’t even sell out Red Sox games. And THAT’S why the Yankees TV ratings are down a reported 38%!

      Wonder if Hal has bothered to figure out just how much “saving” that $38 million in luxury tax next year is going to ultimately COST his multi-billion-dollar franchise in money and damage to the brand.

      I’m guessing a hell of a lot more than $38 million.

      And just think: the TV ratings are down 38% with the Yankees still several games over .500 and just now really starting to flounder. The Yankees just dropped below the Houston FREAKIN’ ASTROS in runs scored, and they currently have a negative run differential.

      They are a mediocre team AT BEST (and that’s being kind). Give it another 2 months or so and TV ratings down 38% might look like a pipe dream. Who knows HOW far they might fall?

      • brian

        I don’t understand why we are all pretending a huge part of the reason for the ‘suffering business’ is simply the absence of Jeter (and also Arod).. as well as the entire sport of baseball beginning to trend older and older

        As long as the Yankees stay in the hunt for the wild card and Jeter makes a full recovery and is able to play or DH 4 out of every 5 games when he gets back, the brand will recover…. he is vital in more ways than one

  • Robinson Tilapia

    Offensive holes notwithstanding, wouldn’t Carlos Pena be available for not a whole lot?

    He’s definitely got the pop and the defense down pat. The rest….

  • I’m not the droids you’re looking for…

    This has Alfonso Soriano written all over it. And that’s unfortunate.

  • Crime Dog

    Nope, the WBC isn’t on the hook for the salary says Randy Levine.

    http://www.nj.com/yankees/inde.....yanks.html