In February, when word came down that the new Yankee Stadium was nearly half a billion dollars over budget, Yanks COO Lonn Trost seemed rather sanguine about the whole thing. “We’ll make it up some way,” Trost said.

Well, four months later, the Yanks are attempting to make public funds that “some way.” According to numerous reports, the Yankees, via New York’s elected officials, are petitioning the IRS for some rule changes that would make the team eligible for another $350 million in tax-exempt public bonds. The Associated Press reports:

New York City officials confirmed on Wednesday that the Yankees might be interested in seeking more public financing to build their new stadium, pending a regulation change by the Internal Revenue Service.

“The effort on the completion bonds will not affect the completion of the stadium,” the team president, Randy Levine, said in a statement. “We are working under the strong leadership of the city and state along with other projects to seek relief from the I.R.S. regulation.”

Janel Patterson, a spokeswoman for the city’s Economic Development Corporation, which is working with the Yankees, said the project was not threatened. But, she said, the city is working to relieve a regulation that prohibits more public debt to be incurred for the stadium.

While the Yankees would not confirm just how much they’re seeking, Assemblyman Richard Brodsky said the club would like another $400 million. So at this point, can we just put to bed any shred of the notion that the public isn’t on the hook for a vast portion of this stadium plan?

Over at Field of Schemes, Neil deMause speculates that this move could cost the city as much as $60 million in anticipated revenues. At a time when budgets are tight across New York, city officials should probably not be supporting the Yanks’ push for more tax-exempt funding beyond the $941 million the team has already received.

Categories : Yankee Stadium
Comments (38)
  • Just one of those days

    I’m tossing this up now because I’m going to bed and don’t feel like waiting for an 8-1 game to end. All I can say is that you should read DotF and that games like this happen. The Yanks played sloppily in the field; they didn’t hit when they had a chance to jump out to an early lead; and the pitching was terrible. I’d rather see games like this happen against a legitimately good pitcher such as Justin Duchscherer than, say, Luke Hochevar or the handful of other mediocre starters the Yanks couldn’t beat earlier this year. We’ve got the A’s again tonight; we’ll get ‘em then.

    (On the off chance that the Yanks score eight runs in the last two innings, I take it all back. Except for the DotF recommendation.)
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PeteAbe notes that Andrew Brackman had to have his appendix removed, and will miss three weeks. Well, if it was going to happen, it happened at a good time. Also, you’ve probably heard by now that JB Cox is on the DL, but now it looks like Chris Garcia has joined him, at least according to (h/t to A.D.). Garcia to the DL hasn’t been confirmed yet, so I’ll keep you updated. Doesn’t surprise me though, the boy just can’t stay healthy. They be droppin’ like flies…

Triple-A Scranton (9-2 win over Richmond)
Bernie Castro & Brett Gardner: both 2 for 4, 1 BB, 1 K – Castro doubled & scored 3 runs … Gardner tripled, drove in a run & scored 2 others
Alberto Gonzalez & Matt Carson: both 3 for 5, 1 R – The Former Attorney General drove in 3 & swiped a bag … Carson K’ed
Jason Lane & Eric Duncan: both 0 for 3 – Lane scored a run, stole a base, walked twice & committed a fielding error at first … Duncan walked, drove in a run & K’ed
Greg Porter: 3 for 4, 1 R, 1 2B, 2 RBI
Jeff Karstens: 5 IP, 4 H, 2 R, 1 ER, 1 BB, 2 K, 6-7 GB/FB – 44 of 68 pitches were strikes (64.7%)
David Robertson: 2 IP, 0 H, 0 R, 0 ER, 1 BB, 4 K – 173-50 K/BB ratio in 127 career IP
Scott Patterson: 1 IP, 1 H, 0 R, 0 ER, 0 BB, 3 K
Mighty Matt: 3 IP, 2 H, 0 R, 0 ER, 0 BB, 3 K, 4-2 GB/FB 1 E (pickoff) – sorry, old habits die hard

Read More→

Categories : Down on the Farm
Comments (26)

If the Yanks are going to get to that magical two-games-over-.500 mark tonight, they have their work cut out for ‘em.

Three weeks ago, Justin Duchscherer was a David Ortiz single away from throwing a perfect game against the Red Sox. This year, he’s throwing to a 2.32 ERA, and opponents are hitting just 212/.280/.285 against him. Darrell Rasner better bring his A game, and whoever’s due to pitch the ninth in a save situation better be on the ball too.

We’ve got another late start and another late finish. Enjoy.

Damon LF
Jeter SS
Abreu RF
Rodriguez 3B
Matsui DH
Giambi 1B
Posada C
Cano 2B
Cabrera CF

Rasner P

Categories : Game Threads
Comments (102)

The Cleveland Indians have been a hot topic of conversation these days. The team — expected to win the Central — is 30-35, three games worse than the mediocre Yankees. They’re 7.5 games out of first in the Central and facing the same deficit in the Wild Card race.

So of course talk will turn to C.C. Sabathia. The Indians are a long shot to sign Sabathia when the big lefty hits free agency this winter, and Mark Shapiro, the GM in Cleveland, will soon test the Sabathia market. The Yankees — long rumored to be the ultimate destination for Carsten Charles — are sure to be in on the talks, and the Cubs, Dodgers and Red Sox will probably do more than kick the tires on this one.

Earlier today, PeteAbe pondered the Sabathia situation, and he offered up his take:

They have the inventory (as Brian Cashman likes to call it) to make a deal. At this point, who is untouchable in their system?

This would be my untouchable list: Austin Jackson, Jesus Montero, Phil Hughes, Andrew Brackman and Mark Melancon

Other than that, have at ‘em.

After his first four poor outings, Sabathia has been nothing short of dominant. In 73.1 innings, covering 10 starts, he has allowed 63 hits and 14 walks while striking out 73. His ERA over that span is a meager 2.09, and opponents are hitting .235/.278/.336.

So here’s my question as we await another 10 p.m. start tonight. What do you do with Sabathia? Who would you give up in a trade for this pitcher? If the Yanks acquire the lefty, they’ll probably attempt to hack out a contract extension at the trade deadline rather than in October, and Sabathia could be a difference-maker in the American League East.

Categories : Open Thread
Comments (125)
  • Cox hits the DL

    Chad Jennings has the scoop: J.B. Cox has been placed on the seven-day DL. He’s not with the team right now, so he doesn’t know exactly what’s going on. Chad’s good with the phone, though, so we might get an update decently soon. We can only hope it’s nothing serious.

    On a side note, if I were the editor of a metropolitan area sports section, I’d be chomping at the bit to hire Jennings to cover the Yanks. The dude knows what he’s doing, and has connections throughout the Yanks system.
    · (34) ·

  • Hank Steinbrenner joins media ranks

    The Sporting News, demonstrating that it can adapt, is changing formats starting in September, going to a semi-monthly publication, rather than the weekly format it has right now. Feature articles and analysis will fill its pages, keeping the timely material mainly relegated to the website, where it will deliver daily content to registered users. For anyone who keeps up with these matters, this is refreshing. Publishing simply doesn’t work like it used to, and the sooner the mainstream press figures this out, the better off we’ll all be.

    Of interest to Yankees fans is that our bombastic co-owner, Hank Steinbrenner, will pen a monthly column. My initial reaction is that this will end badly. Yet I’m eager to read his first article. What the hell is he going to write about?
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  • Phil feeling better, too

    With Ian Kennedy on the mend, Phil Hughes decided to grace the Internet with his blogging presence again. He reports that he has been pain-free for a week now and will start throwing soon. The Yanks want to hold off on Hughes’ rehab until they are 100 percent that his broken ribs are healed. I expect this one to be a slow build as well. · (13) ·

The word comes from Ken Rosenthal, via MLBTR:

The Yankees are aggressively shopping right-hander LaTroy Hawkins, two rival executives say, intending to clear a spot for a reliever who currently is at Class AAA. Righty J.B. Cox, who missed all of last season after undergoing elbow-ligament transplant surgery, is one candidate; he began the season at Class A, but has since moved to AAA, where he has allowed one run in 12 1/3 innings. Righty David Robertson, who began the season at AA, also has been impressive at AAA. Hawkins, signed to a one-year, $3.75 million free-agent contract, has a 6.08 ERA in 22 appearances . . .

I’m not sure exactly what team would take him on, and what we’d get in return. What’s more likely is the Yanks DFA him and deal him after that. The sooner, the better.

Comments (61)
  • Third time’s the four-in-a-row charm for Rivera

    When Mariano Rivera entered last night’s A’s-Yankees game in the ninth inning to protect a two-run lead, he set yet another first in his career he did something he’s done just two other times in his career. It was the third time Rivera had ever pitched on four consecutive games in four days. I sure hope Joe’s willing to give him a day off today.

    Update: Gary C notes in the comments that I misinterpreted the Play Index results. This is actually the third time Rivera’s thrown in four straight games. This post has been updated to reflect this information.
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