Dec
10
The Yankees’ expected signing of the massive left-handed pitcher C. C. Sabathia to a gigantic contract is the latest manifestation of the team’s muscular business model.
The Yankees generate $400 million or more in revenues and spend $200 million in player salaries.
The team owns 38 percent of the YES Network, which pays the Yankees at least $70 million a year, and can receive still more cash from its cut of the channel’s profits.
It is opening a new ballpark in the Bronx in April, only months after attracting a team-record 4.3 million fans for the final season at the old Yankee Stadium.
The $1.3 billion stadium is designed to generate more revenue than the old one did, even as the recession worsens. But here’s a sometimes-forgotten wrinkle that helps the Yankees rationalize contracts like Sabathia’s $161 million over seven years: Read more..
(No Ratings Yet)
Loading ...
Email This Post
Nov
13
NEW YORK (Reuters) - The New York Yankees aim to be more successful in the free-agent season than they were in the 2008 campaign and are targeting starting pitchers, manager Joe Girardi said on Thursday.
“The rotation is the number one area for us,” Girardi told reporters in a conference call on the eve of the opening of the free-agent market.
Girardi said he expected the Yankees to be active in courting free agents following the team’s 89-73 record in his first season in charge that left the Bronx Bombers out of the playoffs after 13 successive trips to the postseason.
Top starter on the market is big left-hander CC Sabathia, who was a combined 17-10 with a 2.70 ERA splitting his year between the Cleveland Indians and Milwaukee Brewers.
AJ Burnett, 18-10 with Toronto, Derek Lowe (14-11, Dodgers), Ben Sheets (13-9, Milwaukee), Ryan Dempster (17-6, Cubs) are among other leading free agent starting pitchers. Read more..
(No Ratings Yet)
Loading ...
Email This Post
