Think you’ll have bills to pay in January? The Yankees owe MLB a $26.9 million in payroll luxury tax by the end of next month according to the Associated Press.
The threshold for 2009 is $162 million. The Yankees are already at roughly $164 million for 15 players, so any dollar they spend from now on is really $1.40.
Andy Pettitte, Xavier Nady and Brian Bruney will cost roughly $16 million. Then the Yankees will have seven 0-3 service time players to sign. That’ll cost another $3-4 million.
So while it’s easy to say, “Go get Manny or Tex,” the reality is that a $150 million deal for Mark Teixeira is really a $210 million deal.
At some point, that’s actual money.