Hal Steinbrenner

Great Moments in Probabilities: Yankees $200 million payroll edition

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There’s a profile of Hal Steinbrenner in the New York Times, talking about his leadership of the Yankees and his quest to bring down the payroll and get under the Luxury Tax threshold. Fun quote:

“My firmly held belief is that you don’t have to have a $200 million payroll to be world champion … And the historical data that led me to that conclusion is rock solid.”

Fun analysis from commenter silhouetted by the sea over at Baseball Think Factory:

5 times the Yankees have had a $200 Million payroll-2005 and 2008-2011-and they are the only team to ever have one. They of course won 1 World Series. Thus, teams with a $200 Million payroll have a 1 in 5 chance of winning the World Series.

Which, as others note, is way better odds than all teams in history without $200 million payrolls. Ahem.

OK, in all seriousness, Hal is right. You don’t need mondo payrolls to win it all. But you do need good, healthy baseball players. And the concern for the Yankees at the moment is that they don’t have enough of those. Payrolls, then, are sort of a red herring.

President Obama Welcomes the Cubs to the White House

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As we noted last week, The Chicago Cubs took the unusual step of not waiting until the summer after winning the World Series to make their customary White House visit to meet the president. They did it today, seeing President Obama a few short days before he leaves office.

Despite the fact that Obama is a White Sox fan, he met the Cubs with diplomacy and grace. It’s almost as if he’s been in that business for the past eight years. In return, he was given some gifts by the Cubs: Theo Epstein presented Obama with a No. 44 Cubs jersey, a tile from the center field scoreboard at Wrigley Field, and a lifetime pass to Wrigley as well.

Obama is staying in D.C. after he leaves office this week, hanging around so his daughter can finish high school in the same place she started. Even so, he’s likely going to be back to Chicago a good bit over the rest of his life, so he’ll likely be able to put the free pass to work. Assuming it comes with, like, six companion passes for his Secret Service detail.

Royals sign Danny Duffy to a five-year, $65 million contract extension

KANSAS CITY, MO - SEPTEMBER 02:  Starting pitcher Danny Duffy #41 of the Kansas City Royals pitches during the game against the Detroit Tigers at Kauffman Stadium on September 2, 2016 in Kansas City, Missouri.  (Photo by Jamie Squire/Getty Images)
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The Kansas City Royals have signed starter Danny Duffy to a five-year, $65 million contract extension.

Duffy was arbitration eligible this offseason and would’ve been a free agent next winter if he hadn’t signed the deal. Given his stuff he might’ve made a mint as a free agent, but he’s also been inconsistent at times and any pitcher is an injury away from losing a payday, making this a nice, lucrative bet for the lefty.

Duffy, 28, posted a 3.51 ERA and a 188/42 K/BB ratio across 179.2 innings in 2016.