We Spend A Lot of Money ‘Cause We Make A Lot of Money… And That’s The Way We Like It ……….!

  I’ve got to say that I wasn’t all surprised to find out that the New York Yankees  had further gone about with some lavishing spending prior to this Christmas. That being I can only conclude that either Santa Claus was indeed ready to fill the Yankees’ stocking this Christmas with some goodies.  Former Angels’ first baseman Mark Teixeiera has made it  clear that it’s his wish to become a  New York Yankee.
 
 
Mark Teixeira  former Braves and  Angels' first baseman ...........
 
Mark Teixeira formerly of the Atlanta Braves ,Angels and  now  a designated  New York Yankees’ player. picture appears courtesy  of ap/photo/  Mark Walsh…. 
 

 

 

             Today Angels’ first baseman Mark Teixeira agreed in principle to an eight year  $180m contract. With the signing of Texieras the Yankees have made presumably  themselves a  force to be reckoned  with.   And with free agent Manny  Ramirez still available it  doesn’t  necesssarily bode  well  for  those with aspirations of  signing  a big time  free agent. And if the  New York  Yankees were able  to  sign  Manny now that look really intense to all of the fans out there ? Having signed pitchers CC Sabbathia and  AJ Burnett  to a collective $243.5m combined. That being said with the influx of cash that the city of New York has benevolently given the franchise as of late.  One has to argue what the hell is going on within Major League Baseball ?   A stadium that was  originally meant to cost  $1.5bn  now is  now closer to $2bn and counting.  

 

 

Michael Bloomberg  addresses members of the press and  public as they convene for a press conference
Mayor Michael Bloomberg addresses members of the press and public alike for a press conference convened.

 

 Mayor    Mayor Michael  Bloomberg  addresses members  of  the  press and  public  in  attendance at  a press conference.  picture appears courtesy of  newsday.com/ Bill Wasserstein….  

 

 

 

Mayor Michael Bloomberg saw fit to be critical of Wall Street for bailing out the excess of Wall St. But at the same time has seen fit to further implement a bond issue to the tune of  $250m dollars that’ll be of benefit to the New York Yankees.  Never mind the fact that what was originally meant to be privately financed enterprise with the building of the Yankees’ new stadium.  We were originally led to believe that the edifice would be built with privately financed funds. But Bloomberg and the city of New York were only too eager to please and acquiesce to all of the demands of their famed resident.  Making sure that the land that the stadium was built on was unusually high in its assessment for tax purposes. But at the same time it was undervalued for the Yankees’ benefit.

 

Free agent  slugger  Manny  Ramirez  ...........
Free agent slugger Manny Ramirez bides his time at the plate. He's still one of the marquee players still left out there on the free agent market.

 

Free agent  slugger Manny Ramirez,sits ,waits and bides at the plate,knowing full well  that  in due time  someone is prepared to  pay his  asking price. But  the question on everyone’s lips is  who is prepared to pay  ?    picture appears courtesy of ap/photo/Mark  Wasserstein……..

 

 

 

I’m not one to suggest that there’s been any collusion on the part of the organization or the mayor’s office. But make of it what you will.  As to the Yankees and their coffers it goes without saying that they’re a monumental cash cow of the highest order. The YES Network as their self owned cable outlet and their joint partnerships with several major corporate sponsors. It makes it all the more relevant as to what we’re seeing with regard to the game of the haves and have nots.   The Yankees themselves will have to pay in excess of  $32.5m in terms of the luxury tax that they’ve been assessed by the commissioner’s office of Major League baseball.  This is meant to be the tax for which league clubs that go in excess of the mandated level is charge on a team’s payroll roster.  And it’s meant to create some sort of equilibrium for the teams within the major markets and the mid-level to small markets of the league.

 

 

Commissioner Allan 'Bud' Selig and players' representative  Donald Fehr share a few pleasantries up on Capitol Hill prior to addressing members of  Congress  ............
Commissioner Allan 'Bud' Selig and Player's rep Donald Fehr exchange a few words prior to addressing members of Congress up on Capitol Hill , Washington, DC,.

Commissioner Allan ‘Bud’ Selig and players’ representative Donald  Fehr  exchange a few quiet words before  addressing  members of  Congress.  picture appears courtesy of i.a.cnn/net/si/ Mark Roberts ………

 

 

 

So what the Yankees are now said to be paying this triumvirate of players will dwarf the payrolls annually of several teams across the league.  And to highlight this situation even further four  of the five highest salaried players annually within the league will now be on the New York Yankees’ roster.  They are namely Alex Rodriguez, Derek Jeter, CC Sabbathia and Mark Texiera.  Now let it not be said that the Yankees will go the way of any small team when it comes to their want of success. Last year was the first time in over a decade that the team failed to make postseason in baseball.  And when one considers the streak it is truly monumental to say the least.   Seeing the  rise of  the  Tampa Bay Rays  within the AL East  and  their  success  in having  won the  division ,  the  AL Pennant  and  then making it to the World Series made it all the more  unpleasurable for the Yankees’ fans and the Steinbrenner family.  Who as owners  of  the team have  been used  to having  their way  and winning  pennants  and  World  Series.   This decade  they haven’t  won any  and it can be said that there’s a strong  possibility  that they may not win another  before  the  decade closes.

 

 

New  York Yankees'  GM Brian Cashman  , foreground  along with the team's manager Joe  Girardi  .................
New York Yankees' GM Brian Cashman alongside the team's manager Joe Girardi ...................

Joe Girardi , coach of  the New  York  Yankees and their erstwhile  GM Brian  Cashman in the  foreground. picture appears courtesy of ap/photo/Luis M Alvarez  …………………….

 

 

 

 

With the departure of  Joe Torre to  make way for newly appointed  skipper Joe Girardi. It was felt that the team would be carry on in a similar vein with  regard  to  the  success garnered under Girardi’s predecessor.  Well  last season  proved one thing to us all the  Yankees are getting old and  many of their high profile players failed  to live  up to  the perceived  expectations  as to  what they were  thought to be  capable of.  Out with the old and  in with the new as  they  say.  The franchise  has  seen fit to  revert to their  old ways  because  they  can no longer  trust  talent  wholeheartedly within  their  farm system.  Brian Cashman as the team’s general manager may not indicate that with his statements.  But it’s clear that  he  himself  knows what’s at  stake for the franchise.  Failure to win and  with  them moving into their new state of the art ballpark  next season. It makes it all the more  extreme for the  Yankees to go on this major spending spree.  And one can only summize  that Santa  came early  for the  Steinbrenners  and granted them all of their wishes.   Now if  they can also land  free agent Manny Ramirez  it may well be  one of those  Christmas’s  one can only dream of if  you happen to be a Yankees’ fan. As to the rest of major league baseball they can only wish to have the financial strength of the franchise.

 

 

George Steinbrenner foreground  and his son Hank aseat  in their executive suite  look on as the  the  team  plays ..........
George Steinbrenner foreground and his son Hank seated beside him look on the their team takes to the field ............

George and Hank Steinbrenner,father and son,principal owners  of the New  York Yankees.  In reality the  franchise  is  perhaps the  most recognized name in  all  of  sports  here  in North America  and  without  a  doubt  perhaps the most lucrative  and  profitable  sports franchise in the US in terms of  just sheer net worth.  picture  appears  courtesy  of ap/photo/Mark Shackleton ……….

 

 

 

 

 

These are the times  that you can only fathom  to think  as to the financial constraints  that  many of the  teams face.  But as of yet  they  don’t  seem to have affected  the likes of  the  New  York Yankees. Much to the malaise of others within the  game as  they now begin  to  face  some of  the  hardships  that’ll  now begin  to  face  not  only the  game of baseball but  sports  in general.  The harsh economic climate  and  all that it  now  entails will affect  many  professional sport’s franchises.  But the likes of  the Yankees at present seem to go unperturbed  by it all.

 

 

Former Yankee Bobby Abreu  with then teammates  Derek Jeter and  Alex  Rodriguez .............ner
Former New York Yankee Bobby Abreu(53) with then teammates Derek Jeter and Alex Rodriguez ...................

Abreu(53) back to picture along with then teammates Derek Jeter and Alex Rodriguez.  The latter of  the trio  have  contributed little to  the  franchise’s lack of postseason success. Merely  turning  up and  being  overpaid  just doesn’t seem to  cut it  anymore.  But  it’s apparently  acceptable  to some in New  York. What accountability if any has  never come from the players  themsleves as  they’ve  been very  much  cuckholded  and  sheilded to an extent.  Moments out outspokeness  from the owner  has  been very tempered in its texture. The fault therein lies  within the franchise itself.   picture  appears courtesy  of ap/photo/Marcus  Walker  ……………………..

 

 

 

 

 

 

As former  Knicks’ player Patrick Ewing  once  said  when  giving  testimony  in a major Federal racketeering and grand larceny case.  ‘We make  a lot of money so we spend  a  lot  of  money’. And  the  fact that at the time  when giving this statement he was actually  talking  about  spending money in an adult entertainment  emporium.  We ought not  to  equate  that  the Yankees have  become akin to a stripper or hooker  working her Johns . In  this  case  their  fans  and  the citizens  of  New York. 

 

 

 

 

 

 

 

 

tophatal ………………..

 

 

 

 

 

 

 

 

 

Author: tophatal ...........

An avid sports' fans that's all !!!!!

2 thoughts on “We Spend A Lot of Money ‘Cause We Make A Lot of Money… And That’s The Way We Like It ……….!”

  1. Tophatal,

    Interesting post. I don’t disagree with anything you say. I’ve said this many times — the Yankees will spend money to make the best team possible. It will not produce World Series championships. We haven’t won one since 2000 and the Yankees have spent since then, producing nothing.

    But the Yankees know they are the team that everyone hates and envies, and they accept that role. As a fan, I need to defend them. The Yankees will continue to spend money to make a team appealing to its fan base and they will spend money, unlike Carl Pohlad of the Twins, or Drayton McLane of the Astros who whine that the Yankees make everyone else look cheap — it’s because all the other teams pocket the profits, the Yankees don’t.

    Like

  2. Chris
    Yeah you’re right everyone envies the Yankees. As is their want. But at the same time how can we argue the fact that this is a game where all is right with regard to the haves and have nots ? It’s ludicrous for anyone to even try and make the assumption to begin with. So once in a while the game throws up that feelgood story ……..by way of the Tampa Bay Rays. But in the long run that never holds fast. In no way is the game equitable in its financial footing despite what the likes of Selig , Boras and others might say. It’s become a complete myth that’s about to change even more drastically with this particular financial climate.

    Thanks for reading and I hope to see other responses from you with regard to pieces by me ! Thanks once again !

    tophatal …………….

    Like

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