We had a plan, you see. Pick a slow day, and use that to roll out a new blog format and begin working out the kinks. Of course, we picked today, which made a lot more sense before the Yankees decided to trade for Vernon Wells.
Ken Rosenthal reports that the Yankees will pay less than $10 million of the $42 million remaining on Wells’ contract. That means no more than $5 million average annual value counting toward the luxury tax threshold, and that’s $1.5 million less than the Yankees are paying Ichiro Suzuki per year. Whether it’s worth it, obviously, depends on Wells’ production, and how the Yankees spend elsewhere going forward.
As for this blog, you should see the re-design right away, and our old friend Jeff Marx will be making tweaks and changes for the next hour or so. Things might look a little awkward at times, but Jeff has it under control.
UPDATE, 9:02 p.m.: Well, apparently things didn’t work out quite right, so we’re sticking with the old theme and might try again at some point.
Meanwhile, it’s looking like the Yankees will pay $13 million for two years of Wells, and Joel Sherman says most of that money will be paid this year so that it doesn’t disrupt financial plans for 2014. I honestly didn’t know teams could do that — thought average annual value would be the ruling factor even with money coming in from the Angels — but apparently not.