Hank: “We’ve Already Made These Guys Very, Very Rich”

Via the Associated Press:

“As much as we want to keep everybody, we’ve already made these guys very, very rich, and I don’t feel we owe anybody anything monetarily,” the Yankees co-chairman Hank Steinbrenner said Tuesday. “Some of these players are wealthier than their bosses.”

Things have officially gotten messy. The Yankees have a budget and as great as it would be like to give Derek Jeter a boat load of money, the more money they spend on him cuts into the team’s buget. It’s not going to keep them from getting Cliff Lee, but it could effect other parts of the team. Maybe that bench player or reliever that could put them over the edge becomes too expensive.

With that being said, I feel like Hank should keep his mouth shut. He did enough to put the Yankees in this mess by giving Alex Rodriguez a 10-year contract that will pay him until he’s 42. Now Jeter is just lining up and saying ‘thank you sir may I have another.’

Brian Cashman should handle this and he should probably be the only one to handle this. If the Yankees feel like a comment from somebody above Cashman is necessary, Hal Steinbrenner is more than capable of handling that.

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5 Responses to Hank: “We’ve Already Made These Guys Very, Very Rich”

  1. Bronx Knight says:

    Rob, I (and I think most of us here at BBD) agree with you: the Yankees are taking the right approach with Jeet. I think 3 years x $15M per should just be a take-it-or-leave it offer; there is a roughly $4M to $5M special "Derek Jeter" bonus included in each year of that package (beyond what Jeter could presumably expect to get in the free market).

    It is too bad that Hank is airing the laundry in public, but I wonder if it matters. I have to think that, even if Hank kept his mouth shut, Close would go take his complaints to the airwaves in hopes of pressuring the Yanks by getting the fan base on his side

  2. T. Lee says:

    "Hank should keep his mouth shut" couldn't agree with you more. That goes for Hal, Cashman and Close too. The comments already made, lack tact.

    I don't agree with Bronx Knight that an offer should be "take-it-or-leave". That kind of language sounds crude, especially in this situation, with a player like Jeter. Negotiate with discretion and diplomacy. Most of all keep their feelings and comments within the Yankee organization.

  3. Mike B. says:

    Although Jeter's best yrs are behind hm I don't know why the Yankees are taking a take it of leave it attitude publically. They can take a hard line stance on yrs, and that makes sense especially with the direction of youth & athleticim. But if Jeter is the icon as they say he is, than

    maybe bump some of the dollars & tie that to a personal services contract after his playing days.

    • T. Lee says:

      Yes, That makes sense. That is what Baltimore did with Cal Ripkin. I think it was a contract that designated income over a ten year period after his retirement, which was not included in the team's salary cap/profit sharing.