Posted October 18, 2013

Report: Yankees plotting $300 million spending spree this offseason

MLB
Yankees second baseman Robinson Cano will be become a free-agent at the end of the season. (Al Messerschmidt/Getty Images)

Yankees 2B Robinson Cano has reportedly ask for a $300 million contract. (Al Messerschmidt/Getty Images)

The New York Yankees front office is planning a big shopping spree this winter and could end up spending over $300 million on an assortment of free agents, reports ESPN.com.

The management and brass of the Yankees have repeatedly said they want to cut the payroll to $189 million, while still spending big bucks on free agents.

The Yankees’ initial main targets are expected to include their own Robinson Cano, Japanese starter Masahiro Tanaka, Atlanta Braves catcher Brian McCann and St. Louis Cardinals outfielder Carlos Beltran, according to sources.

SI WIRE: Report: Yankees will be ‘serious players’ for Japanese pitcher Masahiro Tanaka

Cano has reportedly wanted a 10-year contract worth over $300 million when he becomes a free agent.

Beltran, 36, is nearing the end of a two-year, $26 million contract with the St. Louis Cardinals.

More from ESPN.com:

A source said the Yankees are shedding around $85 million to $90 million in payroll from their 2013 numbers, which includes the salaries of retiring players Mariano Rivera and Andy Pettitte as well as Hiroki Kuroda, Phil Hughes, Joba Chamberlain and Curtis Granderson becoming free agents. The Yankees have a strong interest in Kuroda returning and would be amenable to Granderson if he took the one-year qualifying offer.

Derek Jeter has a player option that he can pick up that will drop his salary from $17 million to $9.5 million.

Outfielders Vernon Wells and Alfonso Soriano will be paid nearly $44 million next season but only a fraction of it will be paid by the Yankees because of trade agreements with the Los Angeles Angels and the Chicago Cubs, respectively.

JAFFE: Mulling every possible World Series matchup


71 comments
SteveEhrlich
SteveEhrlich

Assuming the Yankees sign Beltran, McCann and Tanaka will that be enough to put them back in the WS? It's chemistry, not name players that wins championships. 

PeterN
PeterN

Building a contender on aging superstars is a big mistake.  Four of the teams that made it to the post season had the lowest player salaries in both leagues.  The Yankees need to raise their own players in their farm system.  That's where the money should be spent.

arh1961
arh1961

for all yankee fans plesae stand by , we will always preval ..... on that note ----- goodnight.


Michael M
Michael M

They need to spend money and build up their farm system - something that keeps producing.  Buying big shot free agents is becoming a waste of money...just ask the L.A. Angels. 

stuartmd
stuartmd

Wasting lots of money on guys like Brian MCcann will not lead to their intended goal.  He is not a great offensive player.  They could do a lot better for the money they will probably dish out.  They Yankees have missed the boat in the last couple of years by refraining to sign the best available and not retaining their most important free agents.  George would never have let this occur.  Now they wake up and they might throw 3 million dollars to unwise sources out of desperation.  They need to rebuild and spend on the best players - not just the best that are available.  

espnrefugee0218
espnrefugee0218

the st louis cardinals have drafted and developed almost their entire roster and it shows why they are the best organization in baseball 

TexasGirl
TexasGirl

I love seeing the Junkees spend and spend and not make the playoffs muahahaha #Fail

kyyled5
kyyled5

Oh please give Robinson Cano 300M for 10 years. Then we can call you Anaheim Angels East

oasis1994
oasis1994

I hope this is not true. The Yankees really need to just not be that great for a year or 2 in order to build the team back up. Look at how they did in in the early 90s. The team was not that great in the 80s and early 90s. They were able to build a farm system and bring up all those guys. Spending money works when you do it wisely. I'm not saying the Red Sox don't spend money, but they realized it last year and look now.


In order for the Yankees to win they need to lose for a season and build up a few draft picks. Teams are signing these kids to long contracts now and the prime players are no longer hitting free agency till they are 30 or older. If this trend continues, then the Yankees will always have an old team.

John02169
John02169

Yank's motto:  "We win only because we outspend."


Ironic how the GM is called Ca$hman.

edmund959
edmund959

You could dry this story out and fertilize a few dozen lawns with it. IMO the Yankees will absolutely slash their payroll below 189 mil next year. The only reason they tap dance around the subject is because they already suck and they don't want to give fans even less reason to buy season tickets. And as much as I would love to see A-Roid gone, I just don't see that happening. The CBA seems quite clear in stating that players get suspended for failing drug tests. I don't think there are any clauses that cover other types of evidence, no matter how overwhelming. So assuming numnuts wins his case and hits at least 6 homers the Yankees are stuck paying him 31 million. Add that to the other half dozen guys they have under contract (once Jeter opts in) and they are looking at close to 100 million. They have another 7 who are arbitration eligible (which almost always means a pay raise) who they will either have to pay or pay to replace. They will probably overpay for Cano for the same reason they overpaid when they extended CC 2 years ago—because they have no one else. The farm system is a joke (Cashman is a bum) and the only players they have under contract are old, brittle and past their prime. So add another 25-30 million dollars to the payroll for Cano and then just do the math.

Oldjoker1212
Oldjoker1212

Psssst... No one really cares about the Yankees right now. It's the giants that has newyorks attention at present. I expect them to finish out on a 10 game win strek...hahahaha

ngk11
ngk11

Its not like they have anyone coming up in the farm system thats going to win games. More power to them if they want to continue to over pay injury prone has beens

slickwilly
slickwilly

The Yankees need another good arm in the bullpen too. The only good reliever they have is Dave Robertson and I don't expect him to succeed as Rivera's successor.

BryanCustard
BryanCustard

Not bad moves if the years and dollars are right. Something tells me they won't be, but bringing in Beltran on a one or two year deal, McCann on a deal no more than 3 years, then they have some wholes plugged with decent veterans. Cano would have to be 5-6 yrs. max, and 6 is pushing it, and the Japanese pitchers (Tanaka and resigning Kuroda to his traditional 1 yr. deal), and I think the Yankees could call it a successful off-season. However, they probably give Beltran a 3 yr deal, McCann a 5, and Cano an 8 yr. deal, and blow it lol

Michael10
Michael10

So a $300MM spending spree is what? Robinson Cano and Nick Punto?

ineedataxi
ineedataxi

Cano is smoking crack if he thinks he's gonna get that deal. Look at A Roid, Pooholes & Fielder deals and gasp at the lack of production.

Dick
Dick

I'm getting awfully sick of looking at Kate Upton's udders every time I come to SI.com.  If I want porn, I'll go to a porn site.  Sports Illustrated is desperate.  The only way they draw "readers" is by using T&A.  

Pathetic.

tech_dogg99
tech_dogg99

Maybe they should invest in **cough cough** PITCHING!!!! 

joe6647
joe6647

Might as well sign a soon-to-be 30 year old catcher, 31 year old second baseman, and a 36 year old outfielder to long term deals.  What could go wrong?

John4
John4

The Yankees will learn, and will prove it when they sign Mike Trout when he becomes a free agent.  Don't kid yourself, Trout is from New Jersey, and would love to play for the Yankees.   It's going to happen.  Also, with all that Angels' money going to Pujols and Hamilton, don't look for the Angels to make the playoffs any time soon, and don't look for the Angels to come up with the necessary amount of money needed to sign Mike Trout once he's a free agent.  Look for Mike Trout to sign with the Yankees at 10 yrs and $375 Million (or more) when he's a free agent.  (If I'm wrong about that comment, kindly tell me why).  Paying foolish (and long term) money to Cano?  Oh, that's not going to happen.  Look for Cano to get 4-5 years and about $16 Million per year when he signs.  (And that is too much as well for second baseman who will VERY SOON be in decline.   

TabuParrot
TabuParrot

@stuartmd - Ummm, exactly how do you spend the $ on the best players if they are not available?


Steely
Steely

@TexasGirl 

The Yankees have missed the playoffs 2 times in the last 20 years. Shows how dumb you are.

GeoffreyHolland
GeoffreyHolland

@kyyled5 Nah, different kinds of deals altogether. The Angels brought in one guy from the NL, and another one with serious issues. Neither play a key defensive position.

Cano would be staying in the same place, playing a solid 2B, and there's no reason why his production would drop off. Plus, he's durable.

hrey27
hrey27

@oasis1994 The Yankees won more games than any other team in the 80s.  They went to the playoffs twice and went to a WS.  I don't know how you can say they were not a great team.  They had one losing season, won 90 games or more five times including a season where they won 97 games and did not make the playoffs.  They had some really good to great teams.  

The Red Sox got lucky in that they found a team willing to take on $300 million in salary and tax obligation.  Believe me, it would be great if the Yankees could find someone to take a combination of Texeira, Arod and CC while sending back top prospects.  However, that's not happening.  The Arod signing, from an economic impact, was a great move because good or bad, he sells.  Watching Texeira go from MVP candidate and triple crown threat in his first year, to a shell of that, all in three seasons, is what's killing this team.

They have prospects that are either not ready: Sanchez, Campos and Williams, to guys that got hurt: Banuelos and Pineda to ruining guys by jerking them around: Hughes and Joba.

What the Yankees really need to do is overhaul their scouting department and retool their development system.  It should not take this long for guys to be here.   

oasis1994
oasis1994

However, the Dodgers had a lot to do with helping Boston. Maybe they will sign Cano and help out the Yankees

AnthonyS.Andrews
AnthonyS.Andrews

@John02169 That's absurd! Just as players "play to win". Owners employ an "invest to win" philosophy. The Yankees are simply more able than any other team at creating the revenue necessary to support one of sports most legendary reputations. Do you have a problem with that John? Just think about what you are saying. You are suggesting that the only reason why the Yankees win is simply due to outspending their opposition. That's like saying that an athlete can win on talent alone. That work ethic plays no role, nor does good health and conditioning. Excrement! How did the Angels fare this season John? According to your logic, team chemistry, health and attitude have no role in a team's success. Idiotic! You sound like nothing more than a jealous fan of some nowhere, good for nothing team that is envious of another teams success. Put your thumb back in your mouth and get ready for next season. LET'S GO YANKEES!

Rico1
Rico1

@John02169 We spend and (win) because we care about our team! Other owners, I'm sorry to say, don't give a hoot about their fans or team and pocket the money that THEY DO HAVE!

kbrowne01518
kbrowne01518

@edmund959 So you don't think that ' there are any clauses that cover other types of evidence, no matter how overwhelming.' What do you think the last collective bargaining agreement was about? Why do you suppose that all except one of the suspended players accepted their suspensions, including #2 sleezebag, Ryan Braun? None of them were based upon drug testing. All were based on "paper" evidence from the Biogenesis investigation.

"The CBA seems quite clear in stating that players get suspended for failing drug tests." Yes, that too.

As for the Yankees getting under the $189M threshold for a year. That's all they have to do in order to "reset" their luxury tax penalty%. However, Arod may cut a deal, lose his case, win his case and no matter which happens it will impact the Yankees. If it works out that Arod's suspension sticks it will give the Yankees the relief they need to go under $189M for 2014 (if they can restrain their spending a little). Then when Arod "comes back" on the books they'll still owe him some money but they'd be able to go back to their profligate ways becase their luxury tax % would go back to the lowest %, which by Yankees standards is a good value.

Rico1
Rico1

@edmund959 Another Yankee hater! They suck? Please explain the last 2 decades. And guess what? They will continue to win.

kbrowne01518
kbrowne01518

@BryanCustard Too bad they didn't keep Russell Martin and Nick Swisher, eh? They probably could have if they didn't resign Jeter the last time around. Realistically, that was a huge mistake, although not quite on bidding against themselves to give Arod a raise back in 2007.

kbrowne01518
kbrowne01518

@John410 yrs and $375 Million (or more). RU kidding? As for Cano, any team that goes overboard for him will regret it. He's not a bum, but he has certain tendencies, like not running out grounders, that show he's not a real gamer.

Michael10
Michael10

@John4 The Yankees will learn to stop inking stupid contracts by giving $375MM to a player whose value and position depend on knees that will be half gone before he ever hits the market? Explain again how that works? 

The only thing Trout's first post-Angels contract will prove -- like Pujols' and Arod's -- is that expecting a player to be as valuable in the second half of his career as he was in the first is a fool's bet...

joe6647
joe6647

@John4 Trout is a free agent in 2018, its a long way off

Michael M
Michael M

@Steely @TexasGirl From 1949-1964 the Yankees won the AL pennant every year except two (1954 and 1959).  Now THAT, was impressive.  More impressive because it was during the days when baseball didn't have playoffs.  The best teams in each league went straight to the World Series as a reward for winning the hardest playoff of them all...the 162 game season (154 prior to 1961).  Any team is capable of winning a short series...but it takes a terrific team to win the 162 game marathon.  Winning a playoff spot is not always that impressive because there are so many spots these days.  Heck, the Cardinals won the World Series in 2006 and only had 83 wins during the season...proving, any competitive team can win a short series.  Also, during that 1949-1964 run, MLB operated under the Reserve Clause.  Meaning all players were bonded to the team for their career, unless they were traded, released, or sold.  Even if they retired and came back, the team they were on still had the rights to them.  Thus, they had to build teams primarily through their farm system, key trades, etc.  

stuartmd
stuartmd

@Steely @TexasGirl They are going to miss the playoffs a lot more if they don't repair the current roster wisely.

Michael10
Michael10

@GeoffreyHolland @kyyled5 You're right. It's a completely different deal -- middle infielders, catchers and centerfielders break down much earlier than corner infielders/outfielders. The top 40 second basemen of all-time have an average career of 15 years; the Hall of Fame average is 17. Almost all experience a sharp decline in production after age 32-33. 

Cano's value is in the fact that he puts up the numbers he does while playing a premium defensive position. He won't be worth $30MM a year three or four seasons into such a contract, especially as a DH...

BillieBob
BillieBob

@Rico1 @John02169 

Right, because all the other teams have the same anount to spend as ny... 

Way to make everyone think ny fans are morons.

Mel
Mel

@Rico1 No offense, but the last 12 seasons....1 championship and 2 world series appearances. Which means 11 of the last 12 years they have fallen short. Hell this year they didn't even make the playoffs. From '96-'00, they were unstoppable, no question. This days are long gone. Back in those days, they actually had a far system worth a damn. Jeter, Pettitte, Rivera, etc.  Had those guys popping up all over the place. Last 10 years, excluding Cano, name 1 star that's come out of the Yankees farm system. Joba? Phil Hughes? LOLOL. Good farm system and smart spending equals championships. Bad farm system and glitzy spending equals coming up short of the ultimate goal...

BryanCustard
BryanCustard

@Michael10 @John4 Maybe not so much though with Trout. He will be eligible to sign his first post-Angels contract when he is only 25 years old, meaning it could be quite feasible for him to play reasonably well through the life of the contract, similar to the 10 year deal Jeter got when he was young. Typically, you are right, mainly because most are signing their first big contract in their late 20s, or early 30s, but Trout- as well as Manny Machado, Bryce Harper if he lives up to the potential everyone keeps telling me about, and Jose Fernandez, amongst others- will be eligible to sign their first contracts at 25 or 26 because they had their MLB debuts at such a young age (19/20, as compared to most being 23-27). 

Mel
Mel

@joe6647 It is a long way off and that's what the Yankee fans are pinning their hopes on. That should tell you something.

Sneeral
Sneeral

@Michael M @Steely @TexasGirl There was no draft for MLB talent until 1965. That means the Yankees didn't need to have any special organizational talent for developing players. They just had to outbid other teams for the prospects coming out of school. And the fact that those players were tied to the team in perpetuity meant that they could keep players in their system - in the minors - until they needed them in New York.

AnthonyS.Andrews
AnthonyS.Andrews

@Mel @Rico1 Any logical fan realizes that the best of times never last forever. That is why it is so very important to savor them as a fan. The Yankees are older, and they lost their heart and soul when George Steinbrenner passed away. Love him or hate him, he was the heartbeat of the Yankee spirit, and played a significant role in their success as an organization.

With that being said, the Yankees are clearly in a state of transition. While I agree that investing capital to improve your franchise is necessary, I agree with you that creating a stable farm system is also essential, as well as complementary to your investment strategy in who you invest in and for how much and how long. My hope is that Yankees brass understands the needs of the current team, and then takes the necessary steps to address them appropriately. The Yankees have the monetary resources. There is no question in that. However, it takes more than a deep pocket to build a contender, and no amount of green will keep the Yankees from seeing red if they don't play their cards right.

Michael10
Michael10

@BryanCustard @Michael10 @John4 Centerfielders and middle infielders typically do start younger than other players, but as a result of that early start and the physical demands of the position, they tend to have much shorter careers -- or at least shorter productive portions, especially guys whose value is dependent on speed. 

If the Angels shift him out of centerfield to left (as they do when the much better fielding Bourjos is in the lineup), it would likely prolong his career/productivity, though I don't see Trout giving up the prestige of CF before inking his first big contract. (Shifting out of the more demanding position probably prolonged Arod's career; refusal to do so until after it was to late shortened Mike Piazza's.)