Hal Steinbrenner said today that the Yankees plan to decrease their payroll to below the $189 million luxury tax figure by 2014, which is when the new collective bargaining agreement threshold kicks in.
Steinbrenner called it “streamlining” the payroll, which is currently at around $210 million.
Wallace Matthews of ESPN New York notes that Alex Rodriguez, Derek Jeter, CC Sabathia, and Mark Teixeira are already under contract for $75 million in 2014, which would leave about $110 million for Robinson Cano, Curtis Granderson, and 19 other players.
Obviously a $189 million payroll is still massive, even looking ahead to 2014, but the Yankees’ payroll hasn’t been below $200 million since 2007, when it was $190 million. Since then their annual payrolls have been $209 million, $201 million, $206 million, $203 million, and now $210 million.
Toss in the usual inflation of player salaries and $189 million in 2014 would represent a pretty significant change.