The Yankees signing of Mark Teixeira
along with C.C. Sabathia, and A.J. Burnett
will see salaries next year for the three
exceeding the 2008 Opening Day payroll
figures for seven teams, or 23% of MLB.
As I wrote yesterday, in The Anatomy of a Yankees Spending Spree, what we have now is the perfect Steinbrennerian storm for going after free agents with reckless abandon this postseason.
And that column came before the Yankees stealthily came in Tuesday and landed Mark Teixeira to a eight-year deal worth approximately $180 million.
Throw in C.C. Sabathia and A.J. Burnett’s deals and all total, the contracts for the three off-season acquisitions by the Yankees come to $423.5 million. And this after the club was given a $26.9 million Luxury Tax bill. That’s what a new stadium, taking some contracts off the books, and the revenues from the YES Network will do for you. Well, that and missing the playoffs for the first time in 14 years.
That figure of $423.5 million is extraordinary, no doubt about it, but when you start comparing the contract figure for the three to some other benchmarks, it becomes all the more bombastic.
Next year, the three players signed will earn base salaries of:
A.J. Burnett: $16.5 million
C.C. Sabathia: $14 million
Mark Teixeira: $20 million
Total: $50.5 million
A.J. Burnett: (none known of as of publication)
C.C. Sabathia: $9 million
Mark Teixeira: $5 million
Total: $14 million
Base salary + Signing Bonuses = $64.5 million
Throw these all together, and:
But if you throw in other contracts of the Yankees, the figures get truly cartoonish:
- The base salary for Burnett, Sabathia, and Teixeira is more than the 2008 Opening Day total player payrolls of the Pirates ($48,689,783), Athletics ($47,967,126), Rays ($43,820,597), and Marlins ($21,811,500).
- If you throw in the signing bonuses you can add the Royals ($58,245,500), Twins ($56,932,766), and Nationals ($54,961,000) – seven clubs, or more than 23 percent of the league.
- With signing bonuses added to base salary, Teixeira ($25 million), and Sabathia ($23 million) will earn more than the entire 2008 Marlins Opening Day roster.
- Looking back at the total over the life of the three contracts, at $423.5 million, you could have paid for the second (Mets, at $137,793,376), third (Tigers, at $137,685,196), and fourth highest (Red Sox, at $133,390,035) Opening Day payrolls in 2008, and still had enough pocket change left to nearly add in all of the Marlins Opening Day player payroll ($21,811,500). Those four clubs had a total Opening Day player payroll of $430,680,107 for 2008.
- The Yankees now have four of the highest contracts in all of MLB (Alex Rodriguez has the largest in all of baseball at $275 million over 10 years, while Derek Jeter is second at $189 million over 9 years, on top of the Teixeira deal and Sabathia deals). Those four have combined contract totals of a staggering $805 million, or $205 million more than the cost of the Mets’ Citi Field.
- The total base salaries of A-Rod ($32 million), Jeter ($20 million), Teixeira ($20 million), and Sabathia ($14 million) for 2009 will be $86 million, or more than the Opening Day payrolls of more than half the league last year (Brewers, Indians, Giants, Reds, Padres, Rockies, Rangers, Orioles, Diamondbacks, Royals, Twins, Nationals, Pirates, Athletics, Rays, and Marlins).
And, just think… Manny Ramirez is still out there.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.
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