An Irresponsibly Early Preview of the 2017 Yankees
The New York Yankees are in the middle stages of an overhaul, both in terms of player turnover and also philosophy. Over the past few weeks, the team has traded Aroldis Chapman, Andrew Miller, and Carlos Beltran for a bevy of prospects that includes four players near the top of Eric Longenhagen’s rankings of prospects traded at the deadline. Mark Teixeira wasn’t going to be back next year, so his retirement announcement is more a symbol of — rather than actual contribution to — a changing Yankees’ future. The news that Alex Rodriguez would be stepping aside as well, though, further adds to the changing of the guard in the Bronx. They were in a similar spot in 2013 and abandoned plans to build for the future so they could contend in the near term. Will they abandon those plans again or will they exercise a little more discipline?
The Chicago Cubs spent years both (a) getting rid of old contracts and (b) trading, drafting, and signing prospects. Last season, they began to see the fruits of their labor. The Yankees shouldn’t need to head down that path. The team’s farm system was strong before the team sold at the trade deadline, and it’s possible that some of the international signings from 2014 will start to make their way up the ranks in the near future, as well. The Yankees also have less of a financial need to get rid of bad contracts before contending. The Yankees have the financial power to spend to succeed. These are the larger long-term contracts they do currently possess:
- Jacoby Ellsbury (four years, $90 million)
- Masahiro Tanaka (four years, $89 million with an opt out after 2017)
- Brian McCann (two years, $34 million)
- Starlin Castro (three years, $31 million)
- Chase Headley (two years, $26 million)
- Brett Gardner (two years, $25 million)
- CC Sabathia (one more year at $25 M seems likely with his vested option)
Of those contracts, Sabathia is likely an overpay — but for just one season — and the Yankees might need his innings next year, even if they’re just of the average variety. Gardner, Headley, and McCann are all reasonable contracts which compensate each player at a rate pretty close to his actual value. If the team believes prospect Gary Sanchez is ready to take over full-time catching duties, then giving away McCann is an option to free up salary, but he’s not likely to bring decent prospects back. The same is true for Gardner. Castro remains an enigma, providing generally below-average production, but his salaries are hardly burdensome. Ellsbury has a contract from which the team might like to free itself, but it doesn’t necessarily make sense to pick up some of his contract for someone else when he’s still likely to provide average production from center field. Tanaka has pitched very well this season and should be the Yankees ace in 2017 before he opting out of his contract after that.

