The Veteran Committee consists of 16 members and you need at least 12 of the member’s votes, but Steinbrenner secured fewer than eight ballots his first time through. Long time GM Pat Gillick was the only person elected.
Former Yankees Billy Martin, Ron Guidry, and Tommy John were also on the ballot, but each of them recieved less than eight votes. Former union head Marvin Miller was the closest person not elected picking up 11 of 12 votes needed.
Steinbrenner’s next chance to get voted in will be in 2013, as part of the 2014 class, by The Expansion Era Committee.