Rays owner says team payroll will drop in 2011

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During a radio interview last night Rays owner Stuart Sternberg revealed that the team’s payroll will likely decrease significantly after this season:

We did out-spend ourselves last year and completely out-spent ourselves this year, and we’ll feel the effects of that next year.

Adding about $10 million in the form of Rafael Soriano and Kelly Shoppach this offseason puts the Rays’ current payroll at around $72 million after spending approximately $70 million last year.
Asked what the Rays’ payroll will look like come 2011, Sternberg said: “It won’t be 70 and it won’t be 60.” Presumably that means somewhere in the $50 million range, which would basically be a return to the 2008 payroll of $51 million.
However, several of the team’s key players have gotten more expensive since then and in particular Carl Crawford will be a free agent after making $10 million this season. If the Rays are indeed dropping from $70 million to $50 million or so, re-signing Crawford (or fellow impending free agents Soriano and Carlos Pena) figures to be very difficult.

Report: Royals and Eric Hosmer have discussed a long-term contract extension

SAN DIEGO, CA - JULY 12:  Eric Hosmer #35 of the Kansas City Royals and the American League rounds the bases after hitting a home run against the National League in the 2nd inning of the 87th Annual MLB All-Star Game at PETCO Park on July 12, 2016 in San Diego, California.  (Photo by Denis Poroy/Getty Images)
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Ken Rosenthal of FOX Sports reports that the Royals and first baseman Eric Hosmer have discussed a long-term contract extension. However, Hosmer also indicated that he will head into free agency if a deal is not consummated by Opening Day.

Hosmer, 27, avoided arbitration with the Royals last month, agreeing to a $12.25 million salary for the 2017 season. He is one of four key Royals players who can become a free agent after the season along with Mike Moustakas, Alcides Escobar, and Lorenzo Cain. If Hosmer does reach free agency, he would arguably be the top free agent first baseman.

Hosmer finished the past season hitting .266/.328/.433 with 25 home runs and 104 RBI while making his first All-Star team.

Yankees sign Jon Niese to a minor league deal

PHOENIX, AZ - AUGUST 17:  Jonathon Niese #49 of the New York Mets delivers a pitch during the first inning against the Arizona Diamondbacks at Chase Field on August 17, 2016 in Phoenix, Arizona.  (Photo by Jennifer Stewart/Getty Images)
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Joel Sherman of the New York Post reports that the Yankees have signed pitcher Jon Niese to a minor league contract, pending a physical. Assuming the deal is finalized, Sherman notes that the Yankees will have Niese work as both a starter and a reliever in big league camp this spring.

According to Sherman, the Yankees were interested in lefty relievers Jerry Blevins and Boone Logan, but didn’t want to commit at their asking prices. They are looking for a lefty set-up man along with Tommy Lane.

Niese, 30, pitched for the Pirates and Mets last season, finishing with a 5.50 ERA and an 88/47 K/BB ratio over 121 innings.