HBT: Yankees want to lower their payroll

Hal Steinbrenner said today that the Yankees plan to decrease their payroll to below the $189 million luxury tax figure by 2014, which is when the new collective bargaining agreement threshold kicks in.

Steinbrenner called it ?streamlining? the payroll, which is currently at around $210 million.

Wallace Matthews of ESPN New York notes that Alex Rodriguez, Derek Jeter, CC Sabathia, and Mark Teixeira are already under contract for $75 million in 2014, which would leave about $110 million for Robinson Cano, Curtis Granderson, and 19 other players.

Obviously a $189 million payroll is still massive, even looking ahead to 2014, but the Yankees? payroll hasn?t been below $200 million since 2007, when it was $190 million. Since then their annual payrolls have been $209 million, $201 million, $206 million, $203 million, and now $210 million.

Toss in the usual inflation of player salaries and $189 million in 2014 would represent a pretty significant change.

Source: http://hardballtalk.nbcsports.com/2012/03/01/hal-steinbrenner-wants-the-yankees-payroll-down-to-189-million-by-2014/related/

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