New York Yankees owner Hal Steinbrenner expressed concern about the Los Angeles Dodgers' lavish offseason spending, stating it will be 'difficult' for other teams, including the Yankees, to keep up. Steinbrenner acknowledged the Dodgers' significant financial commitment, which pushes their 2025 luxury tax payroll to approximately $390 million.
' offseason spending spree, saying it will be even more "difficult" to keep up with the reigning World Series champions.
The Dodgers have spent more than $450 million guaranteed this offseason, pushing their 2025 luxury tax payroll to approximately $390 million. With the penalties for exceeding the $241 million threshold, the Dodgers' total payroll for this year likely will be in excess of $500 million. "It's difficult for most of us owners to be able to do the kind of things that they're doing," Steinbrenner said during an interview with the YES Network that aired Tuesday. "We'll see if it pays off."The Yankees were listed in March 2024 by Forbes as MLB's most valuable franchise, worth an estimated $7.55 billion, while the Dodgers were the second-most valuable at approximately $5.45 billion.
"They still have to have a season that's relatively injury-free for it to work out for them," Steinbrenner said. "It's a long season as you know, and once you get to the postseason, anything can happen. We've seen that time and time again. We'll see who's there at the end."br/]
DODGERS YANKEES MLB SPENDING LUXURY TAX
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yankees Owner Steinbrenner Addresses Dodgers Spending SpreeNew York Yankees owner Hal Steinbrenner acknowledges the Los Angeles Dodgers' significant offseason spending but expresses optimism for the Yankees' future. He recognizes the Dodgers' ability to outspend most teams but believes the Yankees can still be competitive. Steinbrenner emphasizes the importance of a healthy season and the unpredictable nature of postseason baseball.
Read more »
MLB insider eviscerates Hal Steinbrenner: ‘These are the freaking New York Yankees’Yankees would like to avoid paying the competitive balance tax
Read more »
Yankees Owner Acknowledges Dodgers' Financial Dominance in MLBHal Steinbrenner, owner of the New York Yankees, recognizes the Dodgers' immense financial power after their recent blockbuster signings.
Read more »
Boone Takes Subtle Dig at Kelly After Dodgers Reliever's Yankees RipsYankees manager Aaron Boone indirectly addressed Dodgers reliever Joe Kelly's criticism of the team after their World Series loss. Kelly had stated the Yankees 'can't make a play' and the matchup was a 'mismatch,' prompting Boone to acknowledge the Dodgers' victory while suggesting Kelly's comments were unwarranted.
Read more »
Dodgers Could Trade Lux to Yankees for the Right OfferThe Los Angeles Dodgers, despite their wealth of talent, are looking to bolster their roster. Their recent signing of international free agent Hye-Seong Kim adds another layer to their infield puzzle, potentially making Gavin Lux expendable. The Yankees, desperate for an affordable infielder, could provide the Dodgers with a compelling trade offer.
Read more »
Dodgers Trade Gavin Lux to Reds, Could Yankees Be Next?The Los Angeles Dodgers have traded infielder Gavin Lux to the Cincinnati Reds for outfield prospect Mike Sirota and a competitive balance pick. There is speculation that the Reds might trade Lux again soon, with the New York Yankees as a potential destination.
Read more »