Tampa Bay Rays v New York Yankees

Yes, Virginia, the Yankees do have a budget

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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.

Cubs sign Brett Anderson to a $3.5 million deal

Brett Anderson
AP Photo/J Pat Carter
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Ken Rosenthal of FOX Sports reports that the Cubs have signed pitcher Brett Anderson to a contract, pending a physical. Anderson, apparently, impressed the Cubs during a bullpen session held in Arizona recently. According to Jeff Passan of Yahoo Sports, the deal is for $3.5 million, but incentives can bring the total value up to $10 million.

Anderson, 28, has only made a total of 53 starts and 12 relief appearances over the past five seasons due to a litany of injuries. This past season, he made just three starts and one relief appearance, yielding 15 runs on 25 hits and four walks with five strikeouts in 11 1/3 innings. The lefty dealt with back, wrist, and blister issues throughout the year.

When he’s healthy, Anderson is a solid arm to have at the back of a starting rotation or in the bullpen. The defending world champion Cubs aren’t risking much in bringing him on board.

Yordano Ventura’s remaining contract hinges on the results of his toxicology report

DETROIT, MI - SEPTEMBER 24: Yordano Ventura #30 of the Kansas City Royals pitches against the Detroit Tigers during the first inning at Comerica Park on September 24, 2016 in Detroit, Michigan. (Photo by Duane Burleson/Getty Images)
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Ken Rosenthal of FOX Sports provides an interesting window into how teams handle a player’s contract after he has died in an accident. It was reported on Sunday that Royals pitcher Yordano Ventura died in a car accident in the Dominican Republic. He had three guaranteed years at a combined $19.25 million as well as two $12 million club options with a $1 million buyout each for the 2020-21 seasons.

What happens to that money? Well, that depends on the results of a toxicology report, Rosenthal explains. If it is revealed that Ventura was driving under the influence, payment to his estate can be nullified. The Royals may still choose to pay his estate some money as a gesture of good will, but they would be under no obligation to do so. However, if Ventura’s death was accidental and not caused by his driving under the influence, then his contract remains fully guaranteed and the Royals would have to pay it towards his estate. The Royals would be reimbursed by insurance for an as yet unknown portion of that contract.

The results of the toxicology report won’t be known for another three weeks, according to Royals GM Dayton Moore. Dominican Republic authorities said that there was no alcohol found at the scene.

Ventura’s situation is different than that of Marlins pitcher Jose Fernandez, who died in a boating accident this past September. Fernandez was not under contract beyond 2016. He was also legally drunk and cocaine was found in his system after the accident. Still, it is unclear whether or not Fernandez was driving the boat. As a result, his estate will receive an accidental death payment of $1.05 million as well as $450,000 through the players’ standard benefits package, Rosenthal points out.