Comments on: Back In Black: Accounting for the 2009 Yankees http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/ Development site for Bronx Banter Blog's upcoming look and feel Sat, 11 Feb 2012 05:10:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: OldYanksFan http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66381 OldYanksFan Fri, 26 Dec 2008 20:56:55 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66381 [8] Really... other fans just don't understand us. We need a group cry. But we got Tex! HA! [8] Really… other fans just don’t understand us. We need a group cry. But we got Tex! HA!

]]> By: Chyll Will http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66380 Chyll Will Fri, 26 Dec 2008 18:37:06 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66380 [6] That's why it's better to take the lump sum over the twenty-year payout if you hit the Lotto >;) [7] What are the chances of a few of them happening by? My buddy in Atlanta texted me with the same tired complaint about the money shelled out to Tex during a recession. So, it's okay for other teams to bid the same or higher for Tex, but since the Yanks already spent a lot of money, they should abstain from competing for a good player who actually suits a need? The way I see it, we did not sign guys who didn't fill a hole in the lineup or the rotation, so... what? If Tex had accepted DC's bid, they would be excused from spending more than the Yankees would have on him because they always suck and Tex makes them suck only a little less? Ah. [6] That’s why it’s better to take the lump sum over the twenty-year payout if you hit the Lotto >;)

[7] What are the chances of a few of them happening by?

My buddy in Atlanta texted me with the same tired complaint about the money shelled out to Tex during a recession. So, it’s okay for other teams to bid the same or higher for Tex, but since the Yanks already spent a lot of money, they should abstain from competing for a good player who actually suits a need? The way I see it, we did not sign guys who didn’t fill a hole in the lineup or the rotation, so… what? If Tex had accepted DC’s bid, they would be excused from spending more than the Yankees would have on him because they always suck and Tex makes them suck only a little less? Ah.

]]> By: Joseph http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66379 Joseph Fri, 26 Dec 2008 18:25:16 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66379 I'd be willing to bet that probably over half of the "casual, not really paying attention, disinterested" baseball fans out there are not even aware of what was coming off the Yank's payroll this offseason. They're probably thinking that 400+ mil. outlay is being heaped on top of that already humongous 2008 payroll. Chances are that Cliff's excellent graph above will set at least a few of them straight who happen by Bronx Banter. I’d be willing to bet that probably over half of the “casual, not really paying attention, disinterested” baseball fans out there are not even aware of what was coming off the Yank’s payroll this offseason. They’re probably thinking that 400+ mil. outlay is being heaped on top of that already humongous 2008 payroll. Chances are that Cliff’s excellent graph above will set at least a few of them straight who happen by Bronx Banter.

]]> By: williamnyy23 http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66378 williamnyy23 Fri, 26 Dec 2008 17:35:37 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66378 [2] Bonuses are just an extra inducement. When you factor in the time value of money, the sooner you receive the cash, the more value it has. Also, with Sabathia, paying out part of the bonus before the new year might have been designed to avoid any new taxes that might be imposed next year. [2] Bonuses are just an extra inducement. When you factor in the time value of money, the sooner you receive the cash, the more value it has. Also, with Sabathia, paying out part of the bonus before the new year might have been designed to avoid any new taxes that might be imposed next year.

]]> By: Chyll Will http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66377 Chyll Will Fri, 26 Dec 2008 16:49:46 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66377 I think it has a lot to do with taxes. He would still be paying the income tax on the salary + bonus, but the bonus could be placed in interest-bearing accounts like IRAs (non-taxable), so he'd ended up making back the money he pays in taxes in the long run. It's a smart move, even in a recession, provided the money is diversely invested. I think it has a lot to do with taxes. He would still be paying the income tax on the salary + bonus, but the bonus could be placed in interest-bearing accounts like IRAs (non-taxable), so he’d ended up making back the money he pays in taxes in the long run. It’s a smart move, even in a recession, provided the money is diversely invested.

]]> By: Bum Rush http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66376 Bum Rush Fri, 26 Dec 2008 14:33:33 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66376 @ 3 Yeah, in this credit market I bet he can't get a loan... @ 3

Yeah, in this credit market I bet he can’t get a loan…

]]> By: seamus http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66375 seamus Fri, 26 Dec 2008 13:32:43 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66375 [2] or money for Sabbathia to use up front for moving and other expenses (buying home, etc...). Not that he isn't rich already. [2] or money for Sabbathia to use up front for moving and other expenses (buying home, etc…). Not that he isn’t rich already.

]]> By: Bum Rush http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66374 Bum Rush Fri, 26 Dec 2008 11:53:21 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66374 Are signing bonuses not factored into the calculated payroll for luxury tax and revenue sharing? Why would the Yankees hand out $14 mil in bonuses when that outlay could just as easily be included as salary? Seems like there's some team benefit...could it be as simple as the "official" team payroll for 2009? If anything, it seems there has to be. There's a cost to the team (making money available immediately). Is the benefit really as vain as the PR associated with the payroll vs 2008? Are signing bonuses not factored into the calculated payroll for luxury tax and revenue sharing? Why would the Yankees hand out $14 mil in bonuses when that outlay could just as easily be included as salary? Seems like there’s some team benefit…could it be as simple as the “official” team payroll for 2009? If anything, it seems there has to be. There’s a cost to the team (making money available immediately). Is the benefit really as vain as the PR associated with the payroll vs 2008?

]]> By: Joel http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/#comment-66373 Joel Fri, 26 Dec 2008 05:53:07 +0000 http://www.bronxbanterblog.com/?p=6441#comment-66373 Also, $26 million will be coming off after 2009 with the probable exits of Matsui and Damon. And, not to get too far ahead of ourselves, but after 2010, both Jeter and Mo come off. Sure they could come back, but probably for cheaper than they cost now. Also, $26 million will be coming off after 2009 with the probable exits of Matsui and Damon. And, not to get too far ahead of ourselves, but after 2010, both Jeter and Mo come off. Sure they could come back, but probably for cheaper than they cost now.

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