The Yankees basically print money

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This is not a surprise because we all know the Yankees are a friggin’ cash cow, but just saying that is one thing. Seeing the real numbers is a different deal altogether. Get this report from CNBC’s Darren Rovell:

A revised bond rating issued by Standard & Poor’s today provides an
in-depth look at the New York Yankees’ 2009 revenues and it reveals that
the champions grossed $397 million in ticket revenue, including $72
million on the postseason alone.

In other words, the Yankees’ postseason ticket revenue alone brought in enough money to cover the payroll for 12 Major League teams this year.

Rovell goes on to report that the Yankees are suspected to take in about $600 million.  Even with a $200 million payroll, a luxury tax of $25 million and however much they pay in revenue sharing, they’re still able — if they choose to anyway — buy and sell more or less anyone they want.

That they have actually instituted something which approaches a budget in the past couple of years is fairly sobering.  I mean, according to Rovell, the Yankees entire season-long ticket revenue was $52 million in 1997 and $157 million in 2005.  Now that they’ve more than doubled that latter figure without raising the payroll that much, where is all that extra money going?

I have this image of a Bond villain or Cobra Commander-style island fortress being constructed somewhere. I have this image of the Yankees achieving nuclear capability before Iran does.  I’d quote that “Minnie the Moocher” lyric about a diamond car and a platinum wheel again if I hand’t just done it yesterday.

Brewers designate Boone Logan for assignment, recall Freddy Peralta

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The Brewers announced on Tuesday that reliever Boone Logan has been designated for assignment and starter Freddy Peralta has been recalled from Triple-A Colorado Springs. Peralta will start on Tuesday evening against the Pirates, opposite Jameson Taillon at PNC Park.

Logan, 33, has struggled this season, serving up seven runs on 15 hits and 10 walks with 14 strikeouts in 10 2/3 innings. The lefty inked a one-year, $2.5 million contract with the Brewers in January, but he missed the first six weeks of the season with a triceps injury.

Peralta, 22, made his major league debut last month, making a stellar start against the Rockies at Coors Field. He struck out 13 batters over 5 2/3 scoreless innings. He made another, less successful start against the Twins before heading back to the minors. With Colorado Springs, Peralta owns a 2.75 ERA with 84 strikeouts and 27 walks over 59 innings.