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Posted By Cliff Corcoran On February 9, 2009 @ 1:36 pm In Cliff Corcoran | Comments Disabled
I’ve posted some version of this chart twice  before , but now that the Yankees have wrapped up their arbitration cases, I thought I’d update it one last time, adding Andy Pettitte’s new deal and the 2008 dollars spent on LaTroy Hawkins, which I erroneously left out of my previous two bits of accounting.
Note that I’m assuming that Pettitte will achieve all of his bonuses (which he will if he stays off the DL and throws 210 innings). As for Hawkins, the Yankees traded him to the Astros at the trading deadline last year and picked up a “significant portion” of his remaining salary of the deal. In the absence of the specific numbers, I’m assuming they paid all of his $3.75 million salary last year. Most likely the bonuses Pettitte fails to reach (2009 dollars) will be balanced out by the portion of Hawkins’ 2008 salary paid by the Astros (2008 dollars). The chart doesn’t include service-time increases to pre-arbitration players such as Joba Chamberlain and the middle relievers, but those will likely total less than a million dollars.
|Player||2008 cost||2009 cost||Net|
|Jason Giambi||21||5 (buyout)||16|
|Carl Pavano||11||1.95 (buyout)||9.05|
|Wilson Betemit/Nick Swisher||1.165||5.3||(4.135)|
all costs in millions of dollars; *estimated prorated portion of 2008 salary
So the end result of all of the Yankees’ offseason spending is a roughly $19 million increase in payroll. Of course, the Yankees have hidden that increase by shifting 14 million of the dollars owed to CC Sabathia and Mark Teixeira this year into their signing bonuses, which the club doesn’t count as payroll, but I do (all figures above include any relevant portions of signing bonuses).
Here’s the result of that $19 million increase (ages as of April 15 in parentheses):
Not bad at all.
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URL to article: http://www.bronxbanterblog.com/2009/02/09/stimulus-package/
URLs in this post:
 twice: http://www.bronxbanterblog.com/2008/12/11/what-now/
 before: http://www.bronxbanterblog.com/2008/12/25/back-in-black-accounting-for-the-2009-yankees/
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