Tampa Bay Rays v New York Yankees

Yes, Virginia, the Yankees do have a budget

34 Comments

If you Googled the phrase “buy a championship,” I suspect that the words “New York Yankees” would appear in approximately 92% of the results that came back.  For non-Yankees fans it’s simply part of the brand now. The assumption, held for years, that money is no object in the Bronx.

Except money is an object. At least relatively speaking.  Sure, the Yankees spend more than anyone else, but they do have a budget and an increasing reluctance to break that budget.  If you don’t believe me, go read Marc Carig’s story about that in the Star-Ledger this morning.

These Yankees work with budgets — yes, still the largest war chest in the game — but limits nonetheless … according to people with knowledge of the team’s thinking who requested anonymity to speak candidly, the Yankees came away from the GM meetings Thursday skeptical of their willingness to meet the asking price of top free agents such as pitcher C.J. Wilson or Japanese star pitcher Yu Darvish.

Indeed, it’s so bad that Brian Cashman is actually sleeping on the streets like a homeless person!

I guess there’s a philosophical discussion to be had about the nature of the Yankees budget.  I mean, Bill Gates could have a budget. May in fact have one. As a point of principle he doesn’t want to be wasteful and he wants to set a good example for his kids, so he makes it clear that, say, the family can’t eat out at restaurants more than X times a month or something.  Say what you want about that, but it is, technically speaking, a budget. It’s just not the same kind of thing as one that the family with the unemployed parents and the big medical bills have.

And it seems to me that the key thing about a budget is that, if you can simply choose to break it and the breaking of it brings no real negative financial consequences, it was really only a budget in the most narrow, technical sense of that term.

Report: Cubs have offered prospect Gleyber Torres to the Yankees for Aroldis Chapman

NEW YORK, NY - JULY 17:  Aroldis Chapman #54 of the New York Yankees delivers a pitch in the ninth inning against the Boston Red Sox at Yankee Stadium on July 17, 2016 in the Bronx borough of New York City.  (Photo by Elsa/Getty Images)
Elsa/Getty Images
Leave a comment

Rian Watt of Baseball Prospectus is hearing that a trade that would send Aroldis Chapman to the Cubs involves prospect Gleyber Torres and more going to the Yankees. He adds that the holdup in the trade talks is centered around a contract extension for Chapman, believed to be around four years in length and $60 million total. The deal may not be finalized if the Cubs don’t get him signed to an extension they like. In Watt’s words, “Package is set. Extension is not.”

We learned earlier on Sunday that the Yankees were working hard to trade Chapman, reportedly in contact with at least four teams. The Cubs were not believed to be the front runners but certainly upped the ante by offering Torres.

Torres, 19, is rated the Cubs’ #1 prospect and #24 overall in baseball by MLB Pipeline. The shortstop has spent the season with Single-A Myrtle Beach, batting .275/.359/.433 with nine home runs, 47 RBI, 62 runs scored, and 19 stolen bases in 409 plate appearances.

Torres is currently roadblocked at shortstop by Addison Russell, and 21-year-old Ian Happ is rated #3 in the Cubs’ system, so the club would be dealing from surplus.

Blue Jays designate Drew Storen for assignment

TORONTO, CANADA - MAY 29: Drew Storen #45 of the Toronto Blue Jays delivers a pitch in the eleventh inning during MLB game action against the Boston Red Sox on May 29, 2016 at Rogers Centre in Toronto, Ontario, Canada. (Photo by Tom Szczerbowski/Getty Images)
Tom Szczerbowski/Getty Images
1 Comment

Prior to Sunday afternoon’s game against the Mariners, the Blue Jays designated reliever Drew Storen for assignment and recalled reliever Ryan Tepera from Triple-A Buffalo.

Storen, 28, had a nightmare of a time with the Jays, leaving with a 6.21 ERA and a 32/10 K/BB ratio over 33 1/3 innings. The Jays acquired him in January from the Nationals in exchange for outfielder Ben Revere and a player to be named later.

Storen is owed the remainder of his $8.375 million salary, which makes it likelier that the right-hander will pass through waivers unclaimed. He’ll be eligible for free agency after the season.