Yankees Owner Acknowledges Dodgers' Financial Dominance in MLB

Sports News

Yankees Owner Acknowledges Dodgers' Financial Dominance in MLB
MLBDodgersYankees
  • 📰 nypost
  • ⏱ Reading Time:
  • 66 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 67%

Hal Steinbrenner, owner of the New York Yankees, recognizes the Dodgers' immense financial power after their recent blockbuster signings.

The owner of the New York Yankees , Hal Steinbrenner, acknowledged the financial dominance of the Los Angeles Dodgers in a recent interview with YES Network. He stated that most baseball owners, including himself, find it challenging to match the Dodgers ' spending capabilities, particularly after their aggressive acquisitions of Shohei Ohtani and Yoshinobu Yamamoto.

Steinbrenner expressed skepticism about the Dodgers' long-term success, pointing out the inherent uncertainties of a long season and the unpredictable nature of the postseason.According to FanGraphs, the Dodgers are projected to have a 2025 payroll exceeding $370 million for luxury tax purposes, dwarfing the next highest spenders in Major League Baseball (MLB). The Phillies, Yankees, and Mets are projected to be the closest contenders, hovering around the Competitive Balance Tax threshold of $301 million. The Dodgers' financial muscle has become even more apparent after their recent signings, pushing their payroll to heights that most other teams can only dream of.While the Yankees have historically been among the top spenders in baseball, they are no longer the undisputed financial powerhouse. The Dodgers, known for their strategic use of deferred payments and lucrative business deals, particularly with Ohtani, led the league with a payroll of approximately $353 million last season. The Yankees have responded by making significant investments in players like Max Fried, Cody Bellinger, Paul Goldschmidt, and Devin Williams, but they appear to be more mindful of the luxury tax thresholds. This financial disparity highlights the growing gap between the Dodgers and the rest of the league

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

nypost /  🏆 91. in US

MLB Dodgers Yankees Spending Luxury Tax Financial Dominance

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 »

Jets Owner Woody Johnson Acknowledges Need for Improvement After Tumultuous SeasonJets Owner Woody Johnson Acknowledges Need for Improvement After Tumultuous SeasonNew York Jets owner Woody Johnson admits to needing to be a better owner following a challenging 2022 season marked by mid-season coaching and general manager firings. He emphasizes his intention to step back and allow the newly hired head coach Aaron Glenn and general manager Darren Mougey to lead the team effectively.
Read more »

Yankees Owner Makes Bold Claim About Roster After Losing Juan Soto SweepstakesYankees Owner Makes Bold Claim About Roster After Losing Juan Soto SweepstakesHal Steinbrenner assessed the current makeup of the Yankees roster versus how it looked at this point in 2024.
Read more »

Shark Tank Investor and Dodgers Owner Join Forces to Save TikTokShark Tank Investor and Dodgers Owner Join Forces to Save TikTokKevin O'Leary and Frank McCourt are teaming up to acquire TikTok's U.S. operations and ensure its continued operation in the country.
Read more »

Dodgers Trade Gavin Lux to Reds, Could Yankees Be Next?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 »

Dodgers Trade Gavin Lux to Reds, Yankees Remain in PlayDodgers Trade Gavin Lux to Reds, Yankees Remain in PlayThe Los Angeles Dodgers traded infielder Gavin Lux to the Cincinnati Reds for outfield prospect Mike Sirota and a competitive balance pick. While the trade is official, there's a possibility the Reds could flip Lux to the New York Yankees.
Read more »



Render Time: 2025-02-19 22:16:01