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When George bought the Yanks for $10 million

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Talk about a good investment.

Thirty-five years ago, George Steinbrenner and a group of businessmen bought the then-struggling New York Yankees. They paid a pittance to CBS for the team. Each investor had to shell out $833,000 to own a piece of the Yankees.

Today, of course, no one’s buying anything from the Yanks for a mere $10 million. The team is building a $1.3-billion stadium, and with a successful team and TV station, the entire franchise operation is valued somewhere around $1 billion.

For the Yanks and Steinbrenner, it’s been a tumultuous 35 years that seems to be coming to a close. While George isn’t planning on selling the team, due to his advancing age and seemingly declining health, the men behind the scenes are now Hal and Hank, his songs who were just 4 and 15 respectively when he bought the team. The thirty-five year run is marked by intense micromanaging, scandals and an eventual return to greatness in the 1990s that has carried through to today’s team in one way or another.

But going into the 1973 season, with a new and complicated ownership group in place, no one in New York really knew what to expect. No one would guess what the next 35 years would bring.

* * *

It starts with a quote from a largely unknown Cleveland shipping magnate in 1973.

It’s January 4, 1973, and CBS has mercifully sold the Yankees to a group of interested buyers. Under CBS, as Joseph Durso fo The Times detailed, the Yanks finished no higher than third and saw their attendance dip below one million in 1972 for the first time since World War II. The Mets, meanwhile, were the darlings of New York. They drew over 2 million fans, leading the league.

But the quote. Back to the quote. At the press conference introducing the new owners, George Steinbrenner, largely unknown in New York, took the stage. “We plan absentee ownership as far as running the Yankees is concerned. We’re not going to pretend we’re something we aren’t. I’ll stick to building ships,” he said.

Famous first words if I ever I heard any, and at the time no one had any reason to doubt Steinbrenner. Head of what was generally assumed to be the largest ownership syndicate in baseball, Steinbrenner was a Cleveland native and lifelong Yankee fan.

In fact, George had a man back in New York, and this man — Michael Burke — knew New York. Burke had been at the helm of the Yanks for a while. A nine-year veteran of CBS when they bought the team, Burke, a fan of the game, slid seamlessly into his new role and toiled for the better part of the 1960s under CBS’ inept leadership. When the opportunity arose to buy the team, Burke put together a group of investors, and everyone assumed he would be the public figurehead of the team.

And who wouldn’t believe Steinbrenner? Involved in the NBA, Broadway and his own company, George kept saying the same thing. “I won’t be active in the day-to-day operations of the club at all,” he told a young Murray Chass. “I can’t spread myself so thin. I’ve got enough headaches with my shipping company.”

Of course, we know how that story ended. Burke left the team presidency in April when Gabe Paul’s involvement deepened. And George, well, we know what happened to George. He never really stayed true to his word and did become heavily involved in the day-to-day operations of the club both on the field and off for the next three decades.

As Steinbrenner’s reign nears its ends, it is very hard to imagine the Yankees without George Steinbrenner. But for a fleeting minute in 1973, imagine if George Steinbrenner had stayed true to his word. New York just wouldn’t be the same.

Another Bernie ‘What If?’ scenario

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Before Santanamania momentarily took hold of our Yankee-loving lives, we were in the middle of discussing the winter when Bernie Williams almost left New York. I argued that Bernie’s departure would have paved the way for the Red Sox to win in 1999. But not everyone took such a shortsighted view as I did.

In fact, one of our frequent commenters, Eric from Morrisania wrote an excellent counterfactual about what may have happened if Bernie had indeed been allowed to leave, and in Eric’s view, things turn out pretty well for the Yanks. Since it’s such a well-done comment, I thought it merits its own discussion. So here is Eric’s view — with some very minor edits by me — on what could have been if Bernie had left New York in November of 1998.

We gave Bernie a 7 year, $87.5M deal ($12.5M per). Belle signed with Baltimore later that offseason for 5 years, $65M ($13M per).

For the first 4 years of the 7 year deal we gave Bernie (1999, 2000, 2001, 2002), he was awesome, with OPS+ of 149, 140, 138, and 141. He was a key middle of the order bat on the WS teams of ‘99 and ‘00, and performed admirably in the heartbreaking ‘01 loss and ‘02 early exit. The last three years of the deal, when he was age 34, 35, and 36, his play fell off noticeably (OPS+ 107, 108, 85). And, Bernie was never an above average CF in the field, let’s be honest.

Belle, meanwhile, gave Baltimore a great season in 1999 (OPS+ of 142; .297/.400/.541 37HR 117RBI) followed by a so-so 2000 (OPS+ 109; .281/.342/.474 23HR 103RBI) where he spent time on the DL. They shut him down with a hip problem in September of ‘00, and 6 months later, he announced his retirement. Of the $39M still owed to him; insurance payed off 70%, so the Orioles were on the hook for $11.7M combined, which they could spread across 2001, 2002, and 2003.

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If we had signed Belle instead of Bernie, we would have received essentially the exact same levels of production in 1999 and a slight decrease in 2000, which is significant since we made the playoffs by finishing only two games better than a pretty bad Boston team that presumably would have been much better with Bernie on it. BUT, we also would have been in the market for a new outfielder either in the winter before 2001 if we suspected that Belle’s hip condition was serious, as it was or in the winter before 2002 if we optimistically believed that we could count on Belle going forward. So, what could have happened?

Assuming we expected Belle to return and his retirement caught us unaware (as it did Baltimore), we probably would have tried to swing a trade for someone during Spring Training. Ron Gant, Michael Tucker, and Milton Bradley were all dealt during the 2001 season, so it’s reasonable to assume we might have been able to pluck one of them off without giving up too much. We could have pushed for Juan Gonzalez, who wore out his welcome in multiple locations. Then, after the season, we could have pursued Johnny Damon or Moises Alou as free agents in the 01-02 offseason, or went after the big fish, Gary Sheffield, who wanted out of LA. Or, we could spent more in prospects and dealt for Jermaine Dye, who was also on the block, as a more permanent CF solution.

Then, there’s the other scenario – where we’re concerned enough about Belle’s health after the 2000 season to pursue an OF upgrade right then and there, which would be a real possibility since O’Neill would be 37 at the time and LF is a revolving door of Ricky Ledee, Shane Spencer, Glenallen Hill, and Luis Polonia. So, what FA outfielders were available in the 2000-2001 offseason? Ichiro. Oh yeah, and Manny Ramirez.

Imagine the Red Sox-Yankees games of 2001-2007, only with Bernie on their team and Manny Ramirez on ours. Or, imagine our lineup with Ichiro and Jeter at the top, and bear in mind that if the Sox had signed Bernie, they probably wouldn’t have signed Manny Ramirez; he’d be somewhere else (Mets? Dodgers? Angels?).

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So, my question is, would you have given away the 2000 subway series, and even traded a 2000 WS title for a 2000 Boston Red Sox title, in exchange for substituting Bernie Williams six seasons from 2001-2007 for six years of Manny Ramirez, Ichiro Suzuki, Gary Sheffield, Jermaine Dye, or Johnny Damon? Because, frankly, the numbers competition isn’t even close.

When Bernie Williams nearly left New York

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October 12, 1999 — For the first time since Bucky Dent carved himself a place in playoff lore, the Yankees and Red Sox are gearing up to meet in the postseason. Boston is all abuzz as the AL East Champions are playing host to the Wild Card team and defending World Champions from New York. While the Yankees finished with 98 wins this season, the Red Sox’s 104 victories were tops in the Majors, and the Yanks will have to hope that their superior pitching can overcome a power-packed Boston lineup.

Ironic in this meeting is one center fielder for the Red Sox, the former Yankee Bernie Williams. Williams, after becoming a Yankee mainstay, left the Bronx after the Yankees’ 125-win season last year. While the Yankees were prepared to offer Williams a five-year, $60-million contract, the star and his agent Scott Boras rejected that deal. They knew they could get more elsewhere and were tired of playing games with George Steinbrenner.

So now Williams will face off against his old team in Fenway. The Yanks — with their tempestuous twosome of Paul O’Neill and Albert Belle — look strong, but can they overcome the Red Sox?

* * *

We know that didn’t happen. Bernie Williams wasn’t on the Red Sox in 1999, and the Yankees were the AL East champs again.

But it was close. For a while in 1998, it looked like Bernie was Boston-bound, and if he had landed in Fenway, it’s not hard to imagine the Sox taking the division. Williams was the top offensive center fielder in the AL in 1999. His VORP that year — a measure of how much better he was than the next best available option — was 79.9. Darren Lewis, the Red Sox’s starting center fielder, pulled down a -24.8 VORP. That swing of 100 would have theoretically netted the Sox 10 more wins and a spot atop the AL East. It’s funny how history turns out.

“Bernie on the Red Sox?” you might say with a chuckle. “That never would have happened, right?” While it can be tough to see through Scott Boras’ hyperbole and fake seven-year offers, by all accounts in November of 1998, Bernie Williams nearly ended up in Fenway.

Bernie’s tale begins in 1997 when the Yankees were trying to extend their center fielder. They offered him a five-year deal worth just south of $40 million. As you could guess, they were laughed out of the room, and for a while, it seemed as though their offer and past contract snubs were insulting enough to convince Williams to cease negotiations entirely. Money and loyalty are powerful motivators.

Throughout November, Scott Boras and the Yankees engaged in their usual dance as reports of other deals surfaced. At various times, the Diamondbacks, Dodgers, Rockies and Red Sox all expressed interest in Williams. But by the end, it became a battle between rivals. The Yankees and the Red Sox squared off with a big x-factor waiting in the wings.

To the dismay of Yankee fans, that x-factor was none other than hotheaded slugger Albert Belle. As the Yankees and Bernie looked to finalize their looming divorce, a new marriage between the Yankees and Belle was on the horizon. While the Yanks were initially interested in Jim Edmonds, those talks fizzled, and at 32 years old, Belle was one of the most sought-after free agents of 1998. The hip condition that would end his career two seasons later was nowhere to be found, and his numbers and temper were fearsome.

When Williams rejected that five-year, $60-million deal, the Yankees turned their attention to Belle. When I left my apartment on Wednesday night, November 25, 1998, to attend a friend’s Thanksgiving Eve party, I believed that Bernie Williams’ tenure in the Bronx was over. The Yanks and Bernie, as Buster Olney had reported that morning, were nearing a final separation, and Bernie was about to land in Boston.

The Yankees however had an out: Scott Boras offered them one last chance to match the Red Sox’s supposed seven-year, $90-million deal. Bernie, it seemed, wasn’t as keen to get out of New York as earlier reports indicated. When I got home late that night, my dad had left me a note on the door: Bernie Williams signs with the Yanks for seven years and $87.5 million, it said. I was ecstatic. Somehow, the Yankees and Bernie were able to overcome their differences, and Bernie would remain a Yankee.

In the end, it was always tough to tell if Bernie was actually going to leave. Three columnists in The Times — Jack Curry, Harvey Araton and Buster Olney — all speculated that Boras used vague, half-serious offers to get the Yanks to ante up. By keeping the archrival Red Sox involved, Boras knew the Yanks would pay, and he won.

When the real 1999 ALCS dawned, the Yanks, led by Bernie, beat the Red Sox with their sad excuse for a center fielder. As we know, Bernie’s Yanks would go on to great success. While Bernie’s contract became something of an albatross by the end of it and Williams still seems to have a poor relationship with the Yankees, keeping Bernie out of Boston was a sage move.

When the Yankees almost traded Andy Pettitte

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Two weeks ago, I had fun with a little What If? scenario involving Randy Johnson in 1998. This time, at the suggestion of Hollaforskolla, I’m jumping ahead a year to the 1999 trade deadline when Andy Pettitte was nearly traded.

It is the morning of July 30, 1999, and the Yankees are right where they should be. At 61-39, the defending World Series champions are in first place with a 6.5 game lead over the Red Sox. But all is not well in Yankeeland.

Andy Pettitte, 27 and not too far away from free agency, is struggling. Two days before, Pettitte couldn’t get out of the 4th inning against a pathetic White Sox team, and the lefty finds himself 7-8 with a 5.65 ERA. The Yanks are on the hook in 1999 for $5.95 million and are facing another year of arbitration before free agency. While to us in 2008, that seems like small beans, to George Steinbrenner in 1999, Pettitte is not coming through and the Boss has made it known that Andy Pettitte is on the trading block.

The next four days bring a whirlwind of rumors and near-trades. The stories provide us with a glimpse into what could have been a very costly move. On July 30, Buster Olney, then the Yankee beat writer for The Times writes that Steinbrenner “did not order that Pettitte be traded, but the actions of his subordinates in the hours after the staff meeting in Tampa, Fla., suggested that they were working hard to formulate an acceptable deal before the deadline Saturday night.”

That day, the Yankees are rumored to be in discussions with the Phillies. A potential deal with net the Philadelphia Phillies Andy Pettitte, and the Yanks would get Adam Eaton, Anthony Shumaker and Reggie Taylor. At the time, those were three highly touted prospects. It’s funny how things work out.

Also on the table is a deal with the Giants for Shawn Estes. Olney, proving that old habits never ever die, does indeed call Estes “a better fit” for the Yankees because he’s due just $2.15 million in 2000. Imagine Andy Pettitte’s almost getting traded because of a $4 million difference.

As the clock ticks down to midnight on July 31, 1999, Pettitte’s future in pinstripes looks dim. As Olney notes, on the same day they reacquired Jim Leyrtiz, the Yanks had a deal in place with the Philadelphia Phillies. This deal however is contingent upon another deal: If the Yanks can land Arthur Rhodes or Roberto Hernandez, Pettitte is gone.

There are a few hitches. To get Rhodes, the Yanks would have to send D’Angelo Jimenez and Luis De Los Santos to the Orioles. At the time, Jimenez was a highly-regarded prospect. A terrible motorcycle accident would change his career a few years later. To give up Hernandez, the Devil Rays wanted one of two young kids: Alfonso Soriano or Nick Johnson.

Well, as we know, nothing happened, and the fallout exposed some divisions in the Yankee organization. George Steinbrenner, for one, was less than enthusiastic that Joe Torre intervened to keep Andy Pettitte. ‘Our manager seems to think things are all right,” Steinbrenner said. ”I have great confidence in my manager.”

Pettitte wasn’t too enthused by that statement, according to Olney. ”You want your owner to want you around,” he said.

The next day, George backtracked a little. ‘The manager is happy,” he said. ”That’s good by me.”

But when all was said and done, Andy Pettitte came oh so close to getting traded on that fateful night in July. But he wasn’t traded, and he responded in kind. Through August and September, Pettitte would go 7-3 with a 3.46 ERA, and he threw two stellar starts in the ALDS and ALCS before getting bounced early in game 3 of the World Series. The Yanks would eventually win that game on a home run by Chad Curtis in the 10th.

We know what happened after 1999 with Andy Pettitte. He had some stellar seasons in the Bronx, and except for a terrible start in the 2001 World Series, he pitched his heart out in the postseason. His game 6 start in the 2003 World Series against the Marlins was brilliant even though he was overshadowed by Josh Beckett.

This is one trade that the Yanks are glad they never made. Andy Pettitte has been far superior than Adam Eaton, and the money stopped being an issue for the Yanks shortly after they won again in 1999 and 2000. But eight years ago, without hourly-updated blogs and the constant surveillance of the Internet, not too many people knew that Andy Pettitte came to within a hair’s breadth of being traded. In the end, Pettitte and the Yanks were, to borrow a phrase, a good fit.

What If: Re-imagining the Yankee Dynasty

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Before I begin this exercise in What If? baseball history, let’s just remember that hindsight is always 20/20. When we look back in time and try to evaluate trades that weren’t made, it’s easy to do it sitting here in 2008. The trick is to put our selves in the shoes of those involved in the decision. In this case, that means hoping in a time machine and journeying to July 31, 1998.

It is July 31, 1998, and the Yankees are on a once-in-a-lifetime roll. The Yankees are 76-27 with a 15-game lead over the Red Sox. Since a 1-3 start, the team was a blistering 75-24. That just doesn’t happen.

But despite being prohibitive World Series favorites, the Yankees were always searching for ways to get better, and leading the charge was a rookie. General Manager Brian Cashman was in his first year as Yankee GM, and a series of moves and non-moves, beginning on that fateful night in July — the trade deadline — would impact the Yankees Dynasty up through the present day.

As site commenter Phil reminded us today, the Yankees were in the hunt for Randy Johnson. I had completely forgotten about these behind-the-scenes moves. But as RAB favorite and one-time Yankee beatwriter Buster Olney relates, the Yankees didn’t pull the trigger:

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With a new year come new hopes

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Ten years ago, New York and the baseball world witnessed the pinnacle of success for the New York Yankees. The Bombers, led by no one in particular, went 114-48 during the regular season and 11-2 in October to bring home a World Series Championship in resounding fashion.

That season, Scott Brosius issued one of my all-time favorite baseball quotes. “The core of the team is the team,” he said in a July 5, 1998 article in The Times. The Yanks would go on to win the World Series in 1999 and 2000, but they never did recapture the magic of that record-setting 1998 season. With El Duque and Shane Spencer arriving in the Bronx and a David Wells perfect game in May, it was truly a season for the ages.

When the clock struck midnight a few nights ago, 2008 arrived. Ten years later, the Yanks, despite all of their wins, haven’t had as much success in the first decade of the 2000s as they did in the last decade of the 1990s. From 2001 through 2007, the Yanks are unmatched in the regular season. They are 686-445 with a decade winning percentage of .606, but when the calendar flips to the postseason, everything looks different.

2001: A heartbreaking seven-game loss to the Diamondbacks in the World Series.
2002: A four-game loss to the Angels in the ALDS.
2003: A six-game loss to the Marlins in the World Series.
2004: This did not happen. Really.
2005: A five-game loss at the hands of Bubba Crosby and Gary Sheffield the Angels.
2006: A pathetic four-game loss at the hands of the Tigers.
2007: Yet another four-game loss at the hands of Joe Torre’s inability to get the team off the field when attacked by a Biblical plague of bugs the Indians.

Considering that Yankee fans measure their team’s success in postseason wins and World Series titles, the 686 regular season wins matter far less than their 32 postseason losses since the start of the 21st Century.

But with 2008 upon us, it’s hard not to think about a new era dawning in Yankee history. We have a new stadium on the horizon and a whole slew of young, good players on the rise. We saw teh potential of Phil Hughes, Joba Chamberlain and Ian Kennedy last season, and we know the Yanks have a very loaded farm system to go with their offensive powerhouse in the Bronx.

It may not be this year; the first full season with three young kids playing vital parts can be touch and go. But you can bet that when the new stadium opens and another new year dawns, the Yanks will be right there where they’ve always been: Playing to win in October and with a very good shot at yet another title. Hope springs eternal in January right now.

If you’re going to Yankee hate, at least be accurate

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Caught this post on the Huffington Post this morning, written by historian and basbeall fan Warren Goldstein. He’s been writing a lot about steroids and the Mitchell Report lately, and today talks about — well, I’m not sure what he’s talking about. I can’t tell if the inclusion of many Yankees and few Red Sox means poetic justice to Goldstein, but that was my first thought.

Anyway, he blames the Yankees for a lot of things:

During that time it’s been New York, and the Yankees, who’ve led the U.S. economic powerhouse, and built the most successful and lucrative franchise in the history of American sports. Whose screw-up opened the door to free agency? Who built the most gigantic payroll in the game, all the while complaining about “high-priced free agents”? And which sports town trains the most scrutiny on its teams, from all kinds of media? In which city do athletes most worry about the “pressure” of the hometown media and fans? In which city team is winning a pennant and losing the World Series considered a deep failure? And on which team do we have the most evidence of widespread steroid use–and I love this, given the economic parallels–and distribution?

Yeah, well, you’re going to have more evidence when the only two people to testify for the report were in New York. Had they nabbed a Boston trainer, you can be sure more Red Sox would have been on this list. But for a Yankee hater, that’s neither here nor there. Someone implicated some Yankees, and that’s good enough for them.

Notice the line I bolded, though. Uh, how did a Yankees screw-up lead to free agency? Anyone with a knowledge of baseball history knows that Dave McNally and Andy Messersmith opened the door to free agency when they didn’t sign their contracts for the 1975 season. An arbiter ruled that because they hadn’t signed contracts, they were not subject to the reserve clause, and thus granted free agency. McNally moved from Baltimore to Montreal, and Messersmith went from Los Angeles to Atlanta. Notice that the Yankees aren’t involved here.

Perhaps he’s referring to Catfish Hunter, whose incident occurred a year prior to McNally and Messersmith. The story is that A’s owner Charles Finley didn’t make an insurance payment on time, and Catfish had his contract voided. He then signed with the Yankees. So it was Finley’s screw-up there. The Yankees just took advantage of the situation.

Going back even further, we can tie the destruction of the reserve clause to Curt Flood’s Supreme Court case, which he ultimately lost. Thing is, Flood never played for the Yankees.

You’d think a historian would know all this, though…