The Yankees Have a Lot of Payroll to Use
The Yankees’ 2018 campaign came to a disappointing end on Tuesday. After a 100-win regular season that, under normal circumstances, would have won them the division, they were forced to face the A’s in the American League’s Wild Card game. And while they managed to get past Oakland, New York ran into trouble against a Boston club that produced 108 victories, losing the final two games due, in part, to rookie manager Aaron Boone’s reluctance to utilize his bullpen.
Now the focus for the Yankees moves to 2019, when the team will be forced to compete not only with the Red Sox but also the lofty standards set by the club’s 2018 season.
In a sense, 2018 was a transition year for the New York. On the one hand, yes, they began the season by trading for the National League MVP and ended it with 100 wins. On the other, though, rookies — most notably Miguel Andujar and Gleyber Torres — accounted for 1,528 of the club’s plate appearances, the highest total for the franchise since 1969, when Bobby Murcer became a full-time starter. The club’s 5.7 WAR from rookie position players is the third-highest total in the past 30 years behind only last season (due solely to Aaron Judge) and 1989 (when Alvaro Espinoza, Bob Geren, and Roberto Kelly were rookies).
As part of their “transition,” the team finally reduced their payroll by a sufficient amount to avoid the competitive-balance tax and reset the penalties associated with it. From 2014 to -17, the Yankees spend an average of $256 million per year in payroll and penalties combined, per Cot’s Contracts. This season, they are likely to end up around $195 million. The Yankees, in other words, just cut payroll by $60 million. And not only that: because they drew 300,000 more fans than last season and also face a more modest revenue-sharing burden under the new CBA, New York likely ended up with $100 million more in 2018 than previous seasons. In light of that, it’s unsurprising to find that the organization is reportedly planning to buy back the YES Network from Disney when the latter sells it off to acquire part of FOX’s assets. The Yankees are awash in cash, and they shouldn’t have any limitations in free-agent spending this offseason.


