by Cliff Corcoran |
December 11, 2008 8:52 am |
54 Comments
Okay, so the Yankees have landed the big fish, with CC Sabathia agreeing to a seven-year deal worth roughly $161 million. Now what? The rumor mill has had them going hard after first Derek Lowe, then A.J. Burnett, with Ben Sheets and Andy Pettitte serving as backup options who could be had with shorter term contracts.
This prompts two questions: Exactly how much money to they have left to spend? and What about the offense?
With regards to the first, let’s do the math on the money coming off last year’s payroll and how much of that has already been spent:
| Credits |
|
|
|
| Player |
2008 cost |
2009 cost |
Net |
| Jason Giambi |
21 |
5 (buyout) |
16 |
| Bobby Abreu |
16 |
– |
16 |
| Andy Pettitte |
16 |
– |
16 |
| Mike Mussina |
11 |
– |
11 |
| Carl Pavano |
11 |
1.95 (buyout) |
9.05 |
| Ivan Rodriguez |
4.3* |
– |
4.3 |
| Kyle Farnsworth |
3.7* |
– |
3.7 |
| Total Credits |
|
|
76.05 |
| Debits |
|
|
|
| CC Sabathia |
– |
~23 |
(23) |
| Wilson Betemit/Nick Swisher |
1.165 |
5.3 |
(4.135) |
| Alex Rodriguez |
29 |
33 |
(4) |
| Robinson Cano |
3 |
6 |
(3) |
| Damaso Marte |
0.667* |
3.75 |
(3.083) |
| Total Debits |
|
|
(34.052) |
| Total Net |
|
|
44.998 |
all costs in millions of dollars; *estimated prorated portion of 2008 salary
In addition to the above, the Yankees have four arbitration eligible players. Three of whom had poor 2008 seasons and thus are unlikely to have much negative effect on the bottom line. Those three are Chien-Ming Wang, Brian Bruney, and Melky Cabrera. The last is Xavier Nady. The Yankees paid Nady roughly $1.12 million of his $3.35 million salary last year. Nady would cost the Yankees an extra $2.23 million even without getting a raise and is coming off a career year. It wouldn’t be unreasonable to expect his salary to exceed $5 million in 2009. To make things simple, I’ll just round down the Yankees net savings in the chart above to $40 million.
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