The Yankees Found Another Way To Outspend Every Other Team
The Yankees have found new ways to exploit their financial advantage in recent years. For a long time, they were the team spending the most money on big league payroll by a good margin, then other teams caught up after the addition of the luxury tax along with an Hal Steinbrenner being more focused on the bottom line than his father. The Yankees never really blew things out in the draft when they had the opportunity, but now there are essentially hard caps on draft spending and extra picks are tougher to come by with recent changes to the CBA.
The Yankees saw these two market opportunities dry up while their revenues stayed high and they pinpointed the international market as a target. As a result of spending nearly $30 million dollars on teenagers last summer, the Yankees now cannot sign a player for over $300,000 for the next two summers. If they get lucky with some timing, they may still be able to make this one-year international blowout even more advantageous, but their competitive advantage has mostly passed in these three markets for the time being.