Reported 6 months ago
Yankees principal owner Hal Steinbrenner expressed concern over the team's current payroll, stating that it is financially unsustainable for them. With a payroll of about $312 million, the third-highest in MLB, Steinbrenner mentioned the need to reduce costs as several contracts expire at the end of the season, freeing up over $50 million. Despite this, he emphasized the importance of balancing veteran players' salaries with investments in player development, indicating that the team may not surpass the $300 million mark in the future. This financial situation could impact the Yankees' pursuit of players like Juan Soto, although they have young talent in their system to help fill roster spots.
Source: YAHOO