Reported 6 months ago
New York Yankees owner Hal Steinbrenner revealed that the team's current record-high payroll, ranked third in MLB, is financially unsustainable due to luxury tax payments. Steinbrenner expressed concern over maintaining a $300 million payroll to win a championship and hinted at financial constraints despite the team's success led by players like Juan Soto and Aaron Judge. However, he mentioned upcoming financial flexibility as player contracts expire, potentially impacting negotiating deals for free agents like Soto.
Source: YAHOO