Hal Steinbrenner made headlines yesterday for saying that the Yankees will get their payroll below $189 million by 2014 despite spending at least $200 million every season since 2007.
Today reporters asked general manager Brian Cashman for his thoughts about that plan and his answer was a good one: “We’re still the Yankees. We’re still going to outspend everybody else. That’s not going to change.
And he’s right, because even if player salaries continue to rise $189 million in 2014 may still be the highest payroll in baseball. Last year the Yankees spent $203 million, the Phillies were second at $173 million, and the Red Sox were third at $161 million.
On the other hand, while the Yankees will probably still lead MLB in spending their advantage will shrink. This season’s payroll is projected to be around $210 million and the Yankees already have $75 million committed to just four players (Derek Jeter, Alex Rodriguez, Mark Teixeira, CC Sabathia) in 2014. They won’t stop being the top-spenders, but the days of the Yankees out-spending everyone else by $30-$50 million may be short-lived.
Assuming, of course, that Steinbrenner is as committed to getting under the upcoming luxury tax threshold as he claims.
Ken Rosenthal of The Athletic reports that the Pirates will sign reliever Felipe Rivero to a four-year contract extension that includes two club options. The total value of the deal is believed to be $22 million and each club option is worth $10 million.
Rivero, 26, did not come to an agreement with the Pirates to avoid arbitration in his first year of eligibility ahead of last Friday’s deadline. He requested a $2.9 million salary for the 2018 season while the Pirates countered at $2.4 million. This extension will cover all four years of Rivero’s arbitration eligibility and the two club options can cover his first two years of free agency as well.
Rivero was one of baseball’s best relievers last season, finishing with 21 saves, a 1.67 ERA, and an 88/20 K/BB ratio in 75 1/3 innings. The Pirates acquired him from the Nationals along with minor leaguer Taylor Hearn ahead of the 2016 non-waiver trade deadline in the Mark Melancon deal.
Presumably, Rivero’s extension was in the works before he knew anything about the Andrew McCutchen trade. He made a couple of tweets following this afternoon’s news. In one, he used only the “facepalm” emoji. The other was a .gif of The Office character Jim Halpert yelling, “What is going on?”