Hal Steinbrenner Plans To Trim Yankees' Payroll To Paltry $189 Million
New York Yankees managing general partner Hal Steinbrenner has set a goal to lower his team's payroll to a mere $189 million, according to the Associated Press.
As the new collective bargaining agreement has placed the luxury tax threshold at $189 million starting after 2013, Steinbrenner has made it a point of emphasis to hit that number. Steinbrenner said the Yankees are down to around $210 million this year, after $212.7 million in 2011.
"Is it a requirement with baseball that we hit 189? No, it's not a requirement, but that is going to be the luxury tax threshold and that's where I want to be," Steinbrenner said. "I don't think it's an unrealistic goal. My goals are normally considered a requirement."
The Yankees paid out $13.9 million in luxury tax dollars last season; they won 97 games and the American League East crown but were eliminated in the first round of the playoffs in five games by the Detroit Tigers. "I'm just not convinced we need to be as high as we've been in the past to field a championship-caliber team," Steinbrenner said.