Cashman: Yankees don’t have the money for big trades

The trade deadline is on Tuesday at 4:00 p.m. EST and the Yankees don’t appear on the verge of any trades at all right now. If they do end up pulling off a trade between now and then it’s likely to be for a small piece as Brian Cashman said the Yankees just don’t have the money for a big deal.

“If there is a hypothetical mythical beast that makes like $25 million a year for the next X amount of years that was hitting the market, we certainly could not participate in that level of talent, financial talent,” Cashman told Andrew Marchand of ESPNNewYork.com.

Cashman was likely speaking in generalities, but this means that we shouldn’t expect to see Cliff Lee to end up in Pinstripes anytime soon. He’s really the only one on the trade market right now that fits the bill although this statement likely extends into the offseason unless the Yankees got creative.

The problem is that the Yankees are trying to get under the $189 million luxury tax threshold by 2014 when the newest CBA enacts stiffer penalties. With Alex Rodriguez, Mark Teixeira, and CC Sabathia already signed to huge contract and Curtis Granderson and Robinson Cano likely joining them by 2014 that doesn’t leave the Yankees with a lot of wiggle room.

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One Response to Cashman: Yankees don’t have the money for big trades

  1. uyf1950 says:

    "Cashman: Yankees don’t have the money for big trades" The Yankees have the money, they just choose NOT to spend it this year.